SOSC 3992 Lecture Notes - Lecture 8: Communist Party Usa, Arms Race, Free Market

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1917: russian revolution communists defeat of czarist russia becomes soviet union. 1929: wall st, stock markets collapse sending usa and the world into economic collapse. Following this is the great depression that lasted 10 years. Free market capitalism, deregulated (only enough governmental interference to protect private property rights) Communism: (ideal) a stateless, classless and moneyless society, structured upon common ownership of the means of production; 1941: after pearl harbour attack by japanese, us enters wwii (which started in 1939) joins with allies against nazi germany, fascist italy and imperialist japan. 1941: germany attacks soviet russia soviets join with allies. 1945: us drops atomic bombs on japan 1st and only, to date, use of nuclear weapons . Arms race 1949: soviet union develops atomic bomb. (cid:1005)95(cid:1004): u fo(cid:396)(cid:272)es e(cid:374)gage i(cid:374) (cid:862)ko(cid:396)ea(cid:374) wa(cid:396)(cid:863) 1950s house committee on un-american activities (lasted from late 1930s to 1975)

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