Political and Economic Systems

Front

Capitalism

Back

Economic system which is controlled by citizens and they get the profit

Front

Communism

Back

Economic system where economy is controlled by the government

Front

Policy of Containment

Back

Policy to stop the spread of communism

Front

Democracy

Back

Government in which the people have a say in how its run (VOTE)

Front

Dictatorship

Back

Where one person or party has ALL power- Government controls everything

Front

Free Market

Back

Economic system where consumers and producers interact and prices are determined by competition

Front

Superpower

Back

Country or nation with a lot of power and influence

Front

Cold War

Back

Indirect conflict between United States and USSR (Soviet Union)

Front

Iron Curtain

Back

Imaginary line that divided Europe. Communist on one side/ Democracy on the other

Front

NATO

Back

North Atlantic Treaty Organization; an alliance made to defend one another if they were attacked by any other country; US, England, France, Canada, Western European countries.