In this economic model people can own property and businesses.Individuals can make money by selling goods or services.Competition is important. Different businesses compete with each other to attract customers.Prices are determined by supply and demand.People have the freedom to choose their jobs and buy what they want.
Capitalism
what so the following wars have in common?
Korean War
Soviet Afghan War
Vietnam War
Proxy War
U.S. Policy of Containment
Name the Event
Soviets Blocked Allie forces from transporting resources to West Berlin.
Berlin Blockade
Period of cool down time (eased tensions) between the United States and the Cold War.
Detente
In this economic model property and businesses are owned by the community or the government.The government controls the economy and decides what goods and services are produced.There is no competition between businesses because the government owns them all.Prices are often set by the government, not by supply and demand.Everyone is supposed to have equal access to resources and opportunities.
Communism
What is Containment
US Policy of stopping the spread of Communism (Domino Theory)
Allie forces fly resources into West Berlin.
Berlin Airlift
The breaking down of the wall unified East and West Berlin. This event symbolized the Cold War coming to an end.
Breakdown of the Berlin War
Defense Alliance between the United States and Western Europe.
NATO
What are causes and Effects of the Vietnam War
North invades South to unite under Communist rule.
U.S. Troops pull out.
Mai Lai Massacre/ Agent Orange / Kent State Protest
Many deaths in Vietnam and USA
The Soviet Union placed Missiles in Cuba. The United States placed Missiles in Italy and Turkey. Both Nations came very close to a nuclear War.
Cuban Missile Crisis
attempts to restructure the Soviet economy to allow elements of free enterprise.
Perestroika
Defense Alliance between the USSR (Soviets) and Eastern Europe.
Warsaw Pact
What are the causes and effects of the Korean War
North invades South to unite under Communist rule United Nations sends U.S. Troops to fight North Korea
China enters War to help North Korea
War ends with an agreement to stop fighting.
Competition between the Soviet Union and United States to create the best space technology
Space race
the policy of opening up Soviet society and the political process by granting greater freedom.
Glasnost
Summarize the causes and effects of the Soviet Afghan War
USSR invades Afghanistan to help out Communist Government.
USA sends money and weapons to support Muslim rebel groups to fight the Communist Government
War ended with Soviet Union pulling out of Afghanistan and revealing weaknesses of the Soviet Union.
Competition between the United States and the Soviet Union to create the best Nuclear Warfare
Arms Race
a more progressive Communist than previous Soviet leaders, came to power in 1985.Last leader of the USSR
Mikhail Gorbachev