US MT3 LT3

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What is communism?

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Communism is a political and economic ideology where the means of production are owned and controlled by the community as a whole.

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What is capitalism?

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Capitalism is an economic system where private individuals own the means of production and operate them for profit.

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Containment

Back

The act of trying to keep something from spreading or getting bigger.

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United Nations

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United Nations is an international organization founded in 1945.

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Iron Curtain

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The Iron Curtain was the ideological and physical boundary dividing Europe into two separate areas after World War II.

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Cold War

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Period of geopolitical tension between the Soviet Union and the United States

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Proxy War

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Proxy war is a conflict where opposing countries support war but do NOT engage in war directly.

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Sphere of influence

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Sphere of influence is an area controlled by another nation.

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Satellite State

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Satellite states are countries that are formally independent but heavily influenced or controlled by another country.

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Domino Theory

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The Domino Theory was a foreign policy concept stating if one nation became communist others would also.