HIS344Y1 Lecture 9: Lecture 9.doc
Document Summary
It was not just military or political; it covered every facet of life: economic, military, social and political. No field was untouched by the cold war. A military showdown was not a possibility because there could be no winner. Focus was shifted from military (proxy) into an economic competition. Each tried to prove the superiority of their economic systems hoping to score a point through their own ideology as the better of the two (capitalism and communism) In general: communism is a centralized economy where the state controls e. In capitalism, there is a free market that bends to supply and demands. Each of these economic systems experienced a change in the 40s. After the devastation of wwii, the americans were eager to improve the lot of. They wanted to provide a general standard of living that will hold the system together.
