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Capitalism And Communism During The Cold War

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Capitalism And Communism During The Cold War
The cold war was a period of political and military tension primarily between the USA and the USSR from 1947- 1991. This international power struggle was based on the very different beliefs and ideologies of these superpowers each held with almost religious conviction, vying for dominance and exploiting every opportunity for expansion worldwide. Although the two sides never directly fought, there were major proxy wars supported by the two sides.

The contrasting ideologies were the economic and political systems, communism and capitalism. Capitalism is also known as a free-market state where private owners control the country’s trade and industry for profit. Communism, on the other hand, is a system of social organisation in which all property
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