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Lecture 17

Lecture 17.docx

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Political Science
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Malik Mufti

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Lecture 17 Cold War Ideology • Bipolar world order • Under Stalin, agreement with Churchill,  o Economic Ideology helped fuel Communism and USSR • Americans start acting ideologically o Many leaders have ideological approach  Wilsonian liberalism o Wilsonists promoted liberal ideas, international free trade for world prosperity,  world peace o US has many workers, need good markets to buy all their products • Convergence of Ideals o Britain is criticized by US for imperialism, but they are hypocrites • Spirit of influence o Japan and Russia, UK and US o Cuban Missile Crisis • Conflict lasted for decades, but ended without a conflict • Great War doesn’t exist anymore, too expensive Post WWII Reconstruction • Rest of the world was completely destructed o US GDP grew by 250% o 65% of world production and world reserves for US by end of the war • Marshall Plan o Offer to aid European countries o Draw Europe into American sphere of influence more • Monetary Funds, Gold Standard o British Hegemony over US and other nations o Dollars emerge as equivalent to the pound, international standard o US wants free trade to emerge, knows that it can’t happen immediately but takes  steps to go in that direction • IMF and World Bank o Gives loan to struggling nations, help economic growth o Suez Canal was used by British to monitor and control power in the area o Nasser takes over Egypt, maintains a good relationship with US, UK, and other  European powers  Wants to eventually gain independence from British rule  US supports them, wants to take UK’s role in world power
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