Essay about The Cold War On America 's Economy

Essay about The Cold War On America 's Economy

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The most debilitating intentional force to America’s economy in the 20th Century was the Cold War. The Cold War was a political war that was fought between the United States and the Soviet Union that was really Capitalism v. Communism. Both nations wanted to spread their political ideology across the globe and both succeeded in their own way until the fall of the Soviet Union in 1991. It was the largest military build up the world has ever seen. As Journalist David Remnick put it, “The Cold War was wildly expensive and consumed the entire globe.” There was never directed fighting between the Soviet Union and the United States, but there were wars against communism developed in Korea and Vietnam by the U.S., along with various undercover missions by the U.S. in places like Iran, Guatemala, Chile, and many more to depose of communist friendly leaders.
There are many reasons for the cause of the Cold War from Harry S. Truman taking office to Winston Churchill’s famous “Sinews of Peace” speech that coined the term the “Iron Curtain” which was the division between the East and West, or Capitalism v. Communism. There are three main views for the cause, traditionalist, revisionist, and post-revisionist. Traditionalists believe the Joseph Stalin or the Soviet Union are the main cause of the Cold War. Revisionists believe that the United States is the main cause and there are two levels of revisionists. Level one revisionists deal with the importance of individuals and the point where Harry S. Truman took office after Franklin Roosevelt’s death. Level two revisionists deal with the nature of US capitalism and how that contributed to the beginning of the war. (Nye/Welch 144-145)
The traditionalist view that the Soviet Union Lead...


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...that the United States was going to take hostile actions no matter what, all of their plans were to continue the Cold War, initiated and approved by President Harry Truman. Even though in that same report, It states, “Even though present estimates indicate that the Soviet leaders probably do not intend deliberate armed action involving the United States at this time.” (NSC-68) Truman’s National Security Council still proposed the use of force after it ruled out that the Soviet Union will use force against the United States. It also argued, “that in order for containment to be more than a bluff, the United States must be sufficiently prepared for armed conflict. It recommended a massive military buildup and increased foreign aid.” (Truman Library) This is when the build up of the U.S. defense department really initiated and would continue even up to present day.

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