Capitalism vs Communism

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Questions and Answers

Which of the following best describes the state of Europe and Asia immediately following World War II?

  • United under a single governing body to facilitate recovery.
  • Economically prosperous and politically stable.
  • Largely unaffected by the war, continuing pre-war growth.
  • War-torn and in need of significant rebuilding. (correct)

The primary ideological conflict that emerged after World War II was between fascism and democracy.

False (B)

What key event heightened fears of a potential atomic war immediately after WWII?

  • The USSR testing atomic weapons. (correct)
  • The Berlin Blockade.
  • The Korean War.
  • The formation of NATO.

What term did Winston Churchill use to describe the division between capitalist West Europe and communist East Europe?

<p>The Iron Curtain</p> Signup and view all the answers

Which characteristic is associated with capitalism?

<p>Minimal government interference and competition driving prices. (C)</p> Signup and view all the answers

Communism encourages competition among businesses as a means of driving innovation and economic growth.

<p>False (B)</p> Signup and view all the answers

Post-WWII, the two superpowers that emerged were the United States and the Union of Soviet __________ Republics (USSR).

<p>Socialist</p> Signup and view all the answers

What was a primary fear driving the Cold War tensions between the capitalist West and the communist East?

<p>Fear that the opposing ideology would gain control of post-war Europe (B)</p> Signup and view all the answers

The Iron Curtain primarily divided Europe along religious lines.

<p>False (B)</p> Signup and view all the answers

Which of the following was an outcome of the mutual distrust between the United States and the USSR during the Cold War?

<p>A continuous build-up of arms and development of new technologies. (C)</p> Signup and view all the answers

Match the statements with their correct ideology:

<p>Emphasizes private ownership = Capitalism Government controls all aspects of the market = Communism Competition is a driving force for prices = Capitalism Advocates for a classless society = Communism</p> Signup and view all the answers

Besides the arms race, what other major competition defined the Cold War era, launching in the 1950s?

<p>The Space Race</p> Signup and view all the answers

According to the information, which of the following statements accurately describes the division of Germany after World War II?

<p>Germany was divided into an eastern bloc and a western bloc. (A)</p> Signup and view all the answers

The United States and the USSR maintained friendly relations throughout the duration of the Cold War.

<p>False (B)</p> Signup and view all the answers

In capitalism, a free market is sought for consumers and __________ .

<p>Buyers</p> Signup and view all the answers

What was the primary goal of both the United States and the USSR in regards to the spread of their respective ideologies?

<p>To prevent the spread of opposing systems of government and economics. (C)</p> Signup and view all the answers

What aspect of markets does government control in a communist system?

<p>All aspects</p> Signup and view all the answers

One of the key characteristics of capitalism is an emphasis on collective ownership of resources and means of production.

<p>False (B)</p> Signup and view all the answers

Which of the following best describes the rapid breakdown of relations between the United States and the USSR after World War II?

<p>The emergence of conflicting ideologies and geopolitical interests. (C)</p> Signup and view all the answers

Match the country with the alliance it was associated with during the Cold War:

<p>United States = NATO USSR = Warsaw Pact</p> Signup and view all the answers

Flashcards

Post-War Rebuilding

Post-WWII, Europe and Asia were devastated and in need of rebuilding efforts.

Capitalism

An economic and political system where the means of production are privately owned and operated for profit.

Communism

A political and economic system where the means of production are owned by the community and the government controls the economy.

Superpower Emergence

Following WWII, the US and the USSR emerged as superpowers, but their friendly relations quickly deteriorated.

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The Iron Curtain

Term coined by Winston Churchill to describe the ideological division of Europe between capitalist west and communist east.

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Capitalism Principles

Seeks a free market for consumers and buyers. Emphasizes private ownership and individual economic freedom. Minimal government interference. Competition is driving force for prices

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Communism Principles

Advocates for collective ownership. pushes for a classless society. Government controls aspects of markets. Competition is discouraged.

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Clashing Ideologies

Fear by both sides that the opposing ideology would gain control of post war Europe. Both wanted to prevent the spread of opposing systems of government/economics. The Iron Curtain divides Europe east from west. Germany is divided into an eastern bloc and western bloc.

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Arms Testing and Rise of Space Race

The USSR tested atomic weapons in 1949 sparking fear that the next war would be an atomic war. Both the United States and USSR built up their military and invested heavily into developing modern weapons and technology. Mutual distrust ensured that arms build up continues through the era. The next evolution of the cold war will be the space race that will launch in the 1950s

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Study Notes

  • WWII's aftermath saw Europe and Asia devastated, requiring extensive rebuilding.
  • Capitalism and the Union of Soviet Socialist Republics emerged as the two dominant global powers.
  • Friendly relations between these superpowers quickly deteriorated.

Capitalism vs Communism

  • Capitalism seeks a free market for consumers and buyers
  • Capitalism emphasizes private ownership and individual economic freedom
  • Capitalism promotes minimal government interference to allow markets to adjust naturally
  • Competition is the driving force for prices, leading to innovation and efficiency
  • Communism advocates for collective ownership and control
  • Communism seeks a classless society where resources are distributed equally
  • Communism enforces government control over all aspects of markets
  • Communism discourages competition believing it leads to inequality and exploitation

The Iron Curtain

  • Winston Churchill coined the term "Iron Curtain"
  • The term refers to the division of Europe between the capitalist West and the communist East.

Superpowers and Ideologies

  • The United States and the Union of Soviet Socialist Republics were the two superpowers.
  • Distrust because each side feared the opposing ideology (capitalist west vs. communist east).
  • Both superpowers aimed to prevent the spread of opposing systems of government and economics.
  • The "Iron Curtain" divided Europe from east to west.
  • Germany was divided into eastern and western blocs.

Arms Testing and Rise of Space Race

  • The USSR tested atomic weapons in 1949, raising fears of a potential atomic war.
  • Both the United States and USSR significantly increased their military spending and developed weapons and technology.
  • Mutual mistrust fueled an ongoing arms buildup.
  • The Space Race was the next phase of the Cold War and it began in the 1950s.

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