Political And Economic Impacts Of The Cold War

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The Cold War was a state of political tension between the Eastern bloc (Soviet Union and its allies) and the Western bloc (US and its NATO allies). The war took place after the 2nd world war. The war involved indirect fight between the two blocs. The major wars during the cold war were witnessed in Vietnam, Afghanistan and Korea which the two blocs supported. The Cold War led to the emergence of capitalist U.S. and communist USSR as the two world superpowers with profound political and economic differences (Northrup, 2011). Their different economic systems have had enormous impacts to themselves and the rest of the world during the Cold War.
Suspicious relations between the USSR Union and the US caused the Cold War. Before the start of the Cold War, the USSR and U.S relations had experienced
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showed its determination to fight communist expansion. On the other side, USSR exhibited restraint by keeping away from direct involvement into the war and applying pressure in Europe whenever U.S. eyes were elsewhere.
The Korean Cold War had a number of drawbacks. The U.S. was reduced into a single world’s vision where communism had to be inevitably opposed. This necessitated huge budgets for years to come and an unlimited nuclear arms race, which wore on U.S. resources.
Escalation of the war worsened along with the Cold War relations between China and the US, not improving till the 1970s. Following the Korean War, China was driven into the USSR camp, while U.S. commitment to East Asia increased. U.S. then had to protect Taiwan, Japan and Indo-China, which eventually led to the Vietnam War
Vietnam was the United States’ worst victim during the Cold War. Vietnam found itself in a fight that it could not win. Vietnam War was more severe than the Korean War and had negative impact. Over 1 million Vietnamese and 58,000 U.S Soldiers died during the war (Zhang, 2001). Hundreds of thousand refugees from S. Vietnam left for US and other western

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