Political and Economic Terms

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aid (n.)

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help that is given to someone in need

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arms (n.)

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weapons

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Cold War

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(1945-1991) a state of political and military tension after World War II between powers in the Western Bloc (the United States and its capitalist allies) and powers in the Eastern Bloc (the Soviet Union and its communist allies)

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collapse (n.)

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to stop working or end suddenly; fail

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command economy

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an economic system in which all of the economic decisions are made by the government

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communism

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a system of government derived from the writings of Karl Marx and Friedrich Engels in which all factories, farms, and other valuable things are owned and controlled by the government

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competition (n.)

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the act of striving to gain or win something by defeating or establishing superiority over others

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contain (v.)

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to hold within something; restrict

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containment

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a strategy of keeping communism within its existing boundaries and preventing its further expansion

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control (v.)

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to use power to manage or command