Cold War and Economic Review

What best defines a “Cold War”?

• A war fought in icy weather

• A war with direct military battles between nations

• A period of political hostility without direct armed conflict

• A frozen conflict fought entirely on social media

Which two superpowers were the main rivals during the Cold War?

• France and Germany

• United States and Soviet Union

• China and Japan

• Kendrick and Drake

What ideological system did the United States promote during the Cold War?

• Feudalism

• Socialism

• Communism

• Capitalism

What’s a key feature of capitalism as practiced in the United States during the Cold War?

• Everyone gets the same pay, regardless of job

• The government plans all production and distribution

• Private individuals own businesses and compete in the marketplace

• All property is shared and managed by the government

In a communist system like the USSR's, which of the following would most likely be true?

• You can start your own company and keep all the profits

• Your apartment, job, and salary are assigned by the government

• You can buy stock in a tech startup

• There’s a national TV show called “Who Wants to Be a Billionaire?”

Which of the following is a downside of capitalism mentioned in the comparison?

• Too much government control

• Everyone makes the same amount of money

• Wealth is not equally distributed, and some people are left out

• Innovation is discouraged

According to the summary, communism aims to promote:

• Fame and fortune

• Fierce job competition

• Equality and shared responsibility

• Private property and personal gain

Why might someone prefer a capitalist system over a communist one?

• They really love standing in bread lines

• They want the government to tell them what job to do

• They value innovation and individual freedom

• They want everyone to earn the exact same salary

What event symbolized the beginning of the Cold War in 1947?

• The Moon Landing

• The Vietnam War beginning

• The division of Germany between the U.S. and the USSR

• The first Cold War TikTok challenge

During the Cold War, what was the primary distinction between the Eastern Bloc and the Western Bloc?

• The Eastern Bloc was aligned with the Soviet Union and communism, while the Western Bloc was aligned with the United States and capitalism

• The Eastern Bloc consisted of democratic nations, while the Western Bloc was made up of authoritarian regimes

• The Eastern Bloc focused on economic development, while the Western Bloc focused solely on military power

• The Eastern Bloc included only Asian countries, while the Western Bloc included only European countries