No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Review: Cold War & Beyond

Cold War - Following WWII, the US and USSR disagree over the types of governments that should be established in the countries of eastern Europe; leads to economic and military competition between the two including the build-up of nuclear weapons; US supports all countries that resist communism and the USSR supports all countries that embrace it; 1945-1990.
"Iron Curtian" - The region in eastern Europe that consisted of the USSR and its communist satellite nations.
Truman Doctrine - US Foreign policy to support countries that resisted communism during the Cold War.
Space Race - US and USSR very expensive competition that involved space exploration; Soviets launch first satellite called Sputnik; US later land a man on the moon.
Domino Theory - Belief that if one Asian country falls to communism then the surrounding nations are prone to falling as well.
Korean War - Civil war that involved communist North Korea and non-communist South Korea; the U.N. and U.S. send troops to aid South Korea after the North invaded; China enters the war after the Southern forces led by General MacArthur push towards China's border; war ends in a stalemate at the 38th parallel in 1953.
Vietnam War - Civil war that involved communists North Vietnam led by Ho Chi Minh and non-communist South Vietnam; US sends troops to aid the South.
Vietcong - pro-communist guerrillas in South Vietnam.
Khmer Rouge - Brutal communist regime in Cambodia led by Pol Pot during the mid-1970s; massacred up to 2 million people in the killing fields; an example of human rights violation.
Destalinization - Soviet policy to purge the nation of Stalin's memory.
Brinkmanship - a period in the Cold War that showed that the US and USSR were willing to go to the brink of war; heightened tensions during Eisenhower, Kennedy, and Johnson.
Cuban Revolution - Communist revolution in Cuba led by Fidel Castro to overthrow unpopular dictator Batista; Castro seizes control of the economy; US imposes embargo; Cuba turns to the USSR for support.
Cuban Missile Crisis - USSR set up missiles in Cuba capable of striking the US; JFK and the USSR settle the crisis diplomatically; USSR removes missiles and the US removes missiles in Turkey.

Detente - a cooling of the Cold War tensions between the US and USSR beginning under Nixon.
Strategic Defense Initiative - a program to protect the US from Soviet missiles under the Reagan administration; also known as "Star Wars."
Glasnost - Gorbachev's Soviet policy of "openness" in the 1980s.
Perestroika - Gorbachev's policy of "economic restructuring" in the 1980s; allowed some private enterprise.
Boris Yeltsin - first elected president of the Russian Republic.
Shock Therapy - Yeltsin's policy of an abrupt shift to a market economy in the USSR.
Ethnic Cleansing - Bosnian Serbs attempt to rid Bosnia of its Muslims in the 1990s; example of a human rights violation.

Chinese Civil War - Following WWII, civil war resumes between the communists led by Mao Zedong and nationalists led by Jiang Jieshi; Communists triumph with Mao as China's leader.
Great Leap Forward - Mao's attempt to increase agricultural and industrial output by forcing people to live on collective communes (farms); millions die from famine.
Cultural Revolution - Mao's attempt to create a society of peasants in China; all people with special privileges or that are well-educated are subject to persecution at the discretion of Red Guards. China sees very little economic progress as a result from Mao's policies.
Deng Xiaoping - called for the "Four Modernizations" to advance agriculture, industry, defense, and technology; policies lead to real economic progress by adopting an open economy however restricts rights of the Chinese citizens.
Tiananmen Square Protests - after being open to Western ideas of freedom and democracy, students protest in 1989 calling for democracy; the military is called in to suppress the protests resulting in a massacre of some of the demonstrators; an example of human rights violations.

Balfour Declaration - A document that shows British support for a Jewish homeland in Palestine as long as non-Jews in the area are not restricted of any rights.
- A movement to get a Jewish homeland in Palestine; during and after Nazi rule in Europe many Jewish people migrate to Palestine; following the Holocaust many countries are sympathetic to this cause.
Israel - Jewish state in Palestine established on May 14, 1948; on May 15, 1948 six Muslim countries invade; conflicts continue to do this day; Suez Crisis, Six Day War, and the 1973 Yom Kippur War exemplify these early conflicts; USSR supports several Arab countries while the US supports Israel.
Camp David Accords - peace agreement between Egypt (Anwar Sadat) and Israel (Menachem Begin); Egypt recognizes Israel as a state and Israel gives Egypt the Sinai Peninsula; results in the assassination of Sadat by a Muslim extremist.
PLO - Palestinian Liberation Organization established by Yasir Arafat to defeat Israel and gain a Palestinian homeland.
Intifada - Palestinian campaign of civil disobedience against Israel.
Yitzhak Rabin - Israeli leader that was assassinated by an Israeli extremist in the 1990s for agreeing to land and peace for Palestinians.
Hamas - Palestinian terrorist organization with a lot of political power in the Gaza Strip that targets Israeli civilians.
Iranian Revolution - Ayatollah Khomeini leads an Islamic movement to overthrow the Shah of Iran; rejects all US and western culture in Iran; Islamic fundamentalism

Kashmir - area in northern India that India (mainly Hindu) and Pakistan (mainly Muslim) fought a war over.
Taliban - extremist Islamic group that seized control of Afghanistan in the 1990s.

Kwame Nkrumah
Jomo Kenyatta
FW de Klerk
Nelson Mandela

Cold War - No Bull Review Lesson