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Lecture

November 16th 2010

by OC7

Department
History
Course Code
HIS344Y1
Professor
Vasilis Dimitriadis

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November 16th
The Cold War was a conflict that covered the whole passage of life t political, economic,
military and social aspects of life.
The Economic and Scientific Struggles for Ideological Superiority
^W(µo}Æ]v_
- both communist and capitalist were modified in 1940s and both tried to prove their
superiority.
- Western Europe needed to go along the American lines to maintain the standard of living
- 270 million citizens agreed to work together and share the economic development and
establish a say in the development
- 1947 t 1960: a 312% unprecedented growth in Western Germany
- Eastern Europe followed the same pattern, but never grew as much as Western Germany
- Stalin agreed to create a union that offered the same economic benefit to the Soviet satellite
states
- 1949: Common Economic Market (COMECON)
- after 1949, the essence/emphasis on reparations
- even though they were members of COMECON, no benefit went to the way since they still had
to pay Russians
- the Berlin Crisis, the uprising by German workers and Polish & Hungary uprising
The United States
- The Marshall Plan t American goods would still have a market
- Maximum employment could elevate problems of production t soldiers return and come to
work so they would receive salaries and would purchase the products they produce -> circular,
prevent Great Depression
- an unprecedented boom both in economic and social terms
- 1945 t 1946, 7.5 million excess births
- cheap housing, guaranteed employment and good salary t prove capitalist/American
superiority
- Eisenhower tenure:
- GMP grew 50%
- middle class grew from 11% in 40s to 30% in 50s
- Eisenhower was concerned that these new jobs were from military orders and the state itself
became 40% employer of the labour force
- American superiority depended on the Cold War scarce.
- Kennedy continued in the same way
- Kennedy adopted a Great Society, not an American Dream
- growth of the middle class
- continuous employment of the labour force
- his economy was Keynesian Economy t building new roads, new railways, etc. t
spending government money/subsidy, big government projects t connecting cities
- air-conditioning boomed and people began to move South due to air-conditioning and
cheap housing. Previously, people avoided the South in the summers because it was too
hot.
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