How Did The Cold War Affect The Economy

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The postwar American economy enjoyed a huge economic boost at the end of World War II. America’s industry was not devastated by the war but instead flourished. Wartime production had helped pull America's economy out of depression, from the late 1940s and on. And with the Soviet Union and the United States facing off in the Cold War, this increased military budget spending, which kicked the United States military innovation into high gear, also known as, “the military industrial complex”. (1) This created plentiful of jobs within the defense community. Major American corporations such as Boeing, McDonnel Douglas, General Electric, and General Dynamics, benefited enormously from military contracts from the Department of Defense; as they still do today. …show more content…
Young American adults saw a remarkable rise in their spending power. Jobs were plentiful, wages were higher, and because of the lack of consumer goods during the war, Americans were eager to spend. And during the same years, young couples were marrying and having children at unbelievable rates. Plus, new and expanded federal programs, including the G.I. Bill of Rights, allowed many young families to purchase their own homes, often located in rapidly expanding

Cold War Effects

Effects of the Cold War in U.S. In the year of 1947 began the Cold War. This war affected the way of life for people all over the United States of America for almost 50 years. Imagine two kids who are in a rubber band war but all it is, is two kids pulling the rubber bands as far as they can go and waiting for the other to fire first. Just like these two boys, all of America was sitting in anticipation. Rather than a rubber band they were waiting for a nuclear war to erupt. The first example would…

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How Did The Cold War Superpowers Face Off

Chapter 17 Section 1 Cold War: Superpowers Face off K- W- Who was involved in the Cold War? What effects did the Cold War have on the countries involved? What was the outcome of the war? What was the reason for the war? L- Cold War After WWII, two powers remained: Soviet Union United States Yalta Conference Leaders of U.S., Britain, and Soviet Union Agreed to divide Germany into zones Creation of the United Nations June 1945, based in New York 48 Nations joined the organization intended…

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Cold War Research Paper

about the Cold War. There are so many different topics that could be discussed about the Cold war, but these are the topics that the paper will consist of: The role women played on their community, government corruption, the United States Navy, the European Union, who the “winner was, if there was one at all, the role the Soviet Union played, how the Middle East was effected, and how New was involved in this. Women may not have actually influenced anything that happened in the Cold War, but they…

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Research Paper On Counterculture

degree), but did not completely finish high school due to interruptions from the Vietnam War. He came to America in the 1980’s, a few years after the Vietnam War had ended. 1. On March 31, 1968, Lyndon B. Johnson announced to the public that he would not be running for presidency in the upcoming election. Were you happy to hear this new? Was this shocking to you? Why? * I heard about this from the public and I wasn’t very surprise because of the increasing tension from the Vietnam War. He was…

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9/11: The Cuban Missile Crisis

The Cold War was between Russia and America. It started in 1945-1948 and ended in 1989. The point of the war was over political dispute after the end of WW2, because there was arguments on how Europe was divided. There was fear throughout this war that the Soviet Union would take over the U.S. Then right after the war they found the missiles on Cuba, which caused more fear for the American citizens.(Cold War) When the U.S. found the missiles, John F. Kennedy…

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Hitler's Role In World War II

they weren't political when the judge asks what was it like when Hitler was in power. When she was asked “How was it liked” she seemed like she did not want to talk about it or rather knew anything about it. The man has said, when Hitler was in power, it was a terrible time. Then after he had said that he had done some good things and the other bad things mentioned, she did not have a clue or did not know anything about it. He said he didn't know or care about Hitler or when he was born. After he had…

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Vietnam War Social Changes

The Vietnam War affected the United States in a variety of ways. These can be categorized into political, economic, and social effects. These categories overlap, and affect each other, causing even more change. The changes in the US economy during the Johnson administration, between 1964 and 1968, were mostly due to the Vietnam War.The Vietnam war started before the Johnson administration in 1955 and lasted well past his administration until 1975. During the war, Congress imposed a war tax in addition…

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Essay on Reagan Revolution through President Obama

Identify at least two (2) historical points in the period under discussion. During Ronald Reagan’s administration the first historical event would be the Iran Contra-Crisis in which the United States sold weapons to Iran to use in their war with Iraq. Reagan did this despite an embargo against Iran that was imposed after the Iran Hostage Crisis in 1979 and the fact that they were an avowed enemy. Another reason behind this was the fact that a top ranking official in Reagan’s camp hoped that by selling…

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Terns Associated With Russia Essay

Russia) A cold-climate condition of unstable seasonally frozen ground that limits the growth of vegetation and causes problems for railroad construction. (Tundra region of Russia) 8. Continentally: A climate characterized by important annual variation in temperature due to the lack of significant bodies of water nearby. Often winter temperature is cold enough to support a fixed period of snow each year, and relatively moderate precipitation occurring mostly in summer. 9. Command economy: An economy…

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US Power reflected on the global political economy Essay

Assignment #2 Yohanan Zemichael PSCI 2602: A03 October 11, 2012 The framework of global political economy has evolved through a series of historical periods. For this paper, I will be comparing the overall structure and organization of the global political economy during the Bretton Woods period (1945-1975) and the Contemporary period (1975-2010). The main objective will be the United States’ projection of political power throughout these two historical periods. By…

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