Cold War Terms and Definitions

What is the economic system in the United States characterized by private ownership of industry, freedom of competition, survival of the fittest, government keeping 'hands off,' and the creation of different economic classes?

• Capitalism

• Socialism

• Communism

• Feudalism

What is the economic system in the Soviet Union characterized by government ownership of industry, created as a reaction to capitalism, with the goal to bring economic equality to people, and a classless society?

• Communism

• Capitalism

• Feudalism

• Monarchy

Which form of government is described as 'government by the people' and has two forms: representative and direct?

• Democracy

• Monarchy

• Oligarchy

• Theocracy

Which form of government is described as 'government by one or a few,' with total control over many aspects of people's lives, and no freedom of press or speech?

• Totalitarianism

• Democracy

• Monarchy

• Anarchy

What is the condition of being free, highly valued in the United States, including freedom of press, freedom of speech, and freedom to do business?

• Liberty

• Equality

• Justice

• Democracy

What is the condition of being equal, highly valued in the Soviet Union, with basic needs supplied for all people including food, housing, education, and employment?

• Equality

• Capitalism

• Monarchy

• Inequality

Which ideology stresses the need for people to do things on their own and values competition, where the best individuals reach higher levels of power, status, or money?

• Individualism

• Collectivism

• Socialism

• Authoritarianism

Which ideology stresses the need for people to work together to benefit the whole, with the motto 'All for one, and one for all'?

• Collectivism

• Individualism

• Capitalism

• Liberalism

Which of the following is NOT a characteristic of Capitalism?

• A) Private ownership of industry

• B) Government ownership of industry

• C) Freedom of competition

• D) Survival of the fittest

Which of the following is a characteristic of Communism?

• A) Private ownership of industry

• B) Survival of the fittest

• C) Classless society

• D) Competition