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The effects of the Cold War on nation-states were numerous both economically and socially until its subsequent century. For example, in Russia, military spending was cut dramatically after 1991, which caused a decline from the Soviet Union 's military-industrial sector. Such a dismantling left millions of employees throughout the former Soviet ...
The Cold War was a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc, that started in 1947, two years after the end of World War II, and lasted until the fall of the Soviet Union in 1991. The term cold war is used because there was no large-scale ...
The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism, [1][2] was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. [1] The United States, the Soviet Union and Western European and East Asian ...
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $173.8 billion in 2024) in economic recovery programs to Western European economies after the end of World War II.
The West finds itself in a simmering standoff with China, Iran, North Korea, and Russia. It’s a standoff occurring on two distinct fronts: the first is a battle of political and diplomatic ...
In New York City, approximately 430,000 jobs were lost and there were $2.8 billion in lost wages over the three months following the 9/11 attacks. The economic effects were mainly focused on the city's export economy sectors. [17] The GDP for New York City was estimated to have declined by $30.3 billion over the last three months of 2001 and ...
t. e. The Cold War emerged from the breakdown of relations between two of the primary victors of World War II: the United States and the Soviet Union, along with their respective allies in the Western Bloc and Eastern Bloc. This ideological and political rivalry, which solidified between 1945-49, would shape the global order for the next four ...
Edward Luttwak was among the first post-Cold War contributors to the idea that the future of geopolitical competition would extend into the economic sphere. Geoeconomics (sometimes geo-economics) is the study of the spatial, temporal, and political aspects of economies and resources. Although there is no widely accepted singular definition, [1 ...