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Word Count: 1,515
The Cold War was an historical phenomenon categorised by non-combative warfare due to the ever-present threat of nuclear weaponry armament It began post World War II between what was the Soviet Union and the United States of America US as a mutual condemnation of each others social political and economic ideals embodied in polar ideologies communism and capitalism under a liberal democratic state As the Cold War developed it became used by the US to contain communism The USSR tacitly challenged the US to a technological race in which for all major dimensions except space in the late 1950s the US was in the lead Most significatly it resulted in the escalation of nuclear weapons which dictated their respective foreign policies until the arms race ended for Russia in a forced strategic retreat in the mid-1980s Ironically this was due to the state of the devasting domestice economy which could no longer withstand excessive military expenditure The Cold War was essentially distinguished by the nuclear peace that was created but it also had an economic and globalising effect including on the Third World as both Superpowers strove to limit each others influence Many agree that the Cold War ended with the demolition of the Berlin Wall just over a decade ago We have just had a enough retrospectivity to view the chronological progression and to analyse the economic consequences In 1945 a capitalist victory could hardly have been predetermined as capitalism had crashed badly during the 1930s in the Great Depression This was quickly followed by World War II just as Lenin had predicted The Russians believed that capitalism was an unstable system ill-suited to organising the future The Cold War thus facilitated the speedy economic plans and infrastructure that the US quickly implemented in spite of the Russians The serving US Ambassador to Moscow sent his famous 8 000-word long telegram of 22 February 1946 Summarised he argued that the Soviet
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