How did political and economic life change during the Cold War years in the United states

1 answer:

8 0

The political and economic life during the United States Cold War years was changed through enemy engagements in multiple arenas. The two opposing countries are both eager to defeat the other, so both countries decided to leave the outcomes of the Cold War to different forms of engagement at different arenas. This changed the political policy of the administrations of both countries. Neither the US President nor the Soviet Premier at the time was able to discount the raring of people to actually go and engage with the enemy. Although it was only a Cold War, both nations still had economic changes as they tried to keep up with each other’s expenditures and military spending.

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during the 20th century, the general trend in the united states is to move closer to the ideas of adam smith about the role of g

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Indeed, during the 20th Century, the general trend in the United States was to move closer to the ideas of Adam Smith about the role of government.

<h3>What were the ideas of Adam Smith about the government's role?</h3>

Adam Smith, who emphasized the importance of productive labor, self-interest, capital investments, and profits, believed that the limited and well-defined role of government in capitalism should concentrate on:

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Adam Smith declared that the invisible hand or self-interest should guide economic productivity because capital investments always aim toward profitability.

He firmly believed that the market forces of supply and demand, division of labor, and pursuit of self-interest, with little government intervention, should form the bedrock of capitalism.

Thus, it is true that during the 20th Century, the general trend in the United States was to move closer to the ideas of Adam Smith about the limited role of government.

Learn more about Adam Smith's ideas on capitalism at brainly.com/question/15619229

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