Cold War

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Cold War How did the cold war affect economic development in Europe, Asia and the U.S.? How did the “Welfare State” in Europe and the “Consumer Culture” in the U.S. relate to cold war developments? Include in your discussion the Soviet (command) and Western (market) economic models and the “commodity gap” v. “missile gap”. One country in Europe that was affected by the cold war was the economic development of Germany. The cold war made Germany an economic powerhouse. Germany’s coal and steel were assisting the French industry and lower countries as well. Western Europe was becoming very competitive with the U.S. in industry and in creating a consumer society. Unemployment was low, new technologies were being produced and the rate of investments were high. Political parties were formed as well. The right to welfare also assist...

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