Events/information about the Cold War you should know:
Recovery of Japan and Germany:
Since both Japan and Germany were politically, socially, and economically devastated, the allies occupied these nations and formed a recovery program.
Germany:
Recovery of Japan and Germany:
Since both Japan and Germany were politically, socially, and economically devastated, the allies occupied these nations and formed a recovery program.
Germany:
- Divided among allies
- Soviet Union took eastern half; France, Britain, and U.S took western (West Germany)
- Western allies set up representative democracy and tried to recover Germany
- Marshal Plan was aided by U.S (offered aid to to rebuild nation)
- East Germany suffered under control of Soviet
- occupied by U.S
- formed representative democracy with new constitution
- rebuilt industries using aid from U.S
- in 1952, Japan was strong again and became strongest ally of U.S
European Union:
OPEC (THE ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES):
NAFTA (THE NORTH AMERICAN FREE TRADE ASSOCIATION):
Pacific Rim:
- small community started to regulate steel and coal productions
- free trade association
- works even today toward a common economic infrastructure
OPEC (THE ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES):
- Formed by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela
- goal was to control oil by setting prices and production levels
NAFTA (THE NORTH AMERICAN FREE TRADE ASSOCIATION):
- created by U.S, Mexico, and Canada (1993)
- purpose was to provide free trade between the 3 nations, by getting rid of trade barriers like tarriffs
Pacific Rim:
- nations in Asia and the Americas that border Pacific Ocean
- large market size
- Nations such as Taiwan, Singapore, Hong Kong, and South Korea have experienced an increase in economic growth and prosperity due to industrialization