Essay on Impact of the Cold War on the World Economies

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Abstract from Paper

World War II created many issues on a world wide scale, two different forms a government were fighting for influence. This created a divide between communist countries and democratic counties which set up the Cold War. This divided world created a globalized economy unlike ever before, one with communist countries and one with democratic. All the countries of the world, of each government type, were interconnected and dependent on each other. The countries of the opposite group were not traded with, all the trading was done within a countries own group.

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Keeping a nation’s economy going is a very difficult balancing act. Things the country
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This divided world created a globalized economy unlike ever before, one with communist countries and one with democratic. All the countries of the world, of each government type, were interconnected and dependent on each other. The countries of the opposite group were not traded with, all the trading was done within a countries own group. This created a situation where some countries were given opportunities to advance for the better of the group, democratic or communist. This caused many first world countries, which were allies of the U.S., to make huge economic gains and gain huge amounts of strength and power in this time period. These countries were given massive amounts of funding by the U.S. which made them strong allies to the U.S. Countries that became theses strong allies were Western Europe, Japan and Korea. The deep seeded conflict of the Cold War created a very unique and powerful split globalized world economy.
At the root of this issue there are some common themes, conflict and inequality. The conflict between the U.S. and The Soviet Union caused a race to be the most militarized and most powerful country. The picture bellow shows one of Russia’s displays of military power. This issue thus affected the world’s economy, as they pushed to be the best they dragged countries with the same ideas along with them. Another broad theme is inequality, there were great inequalities caused solely by this issue. The economic race between the super powers allowed some
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