It was and is the way we live our lives without that we wouldnt have the rights we do today
What IS the Cold war?
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I won't answer it for you since you should know.
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What are the effects and what did America and Russia do?
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Build nuclear missiles, submarines, etc.
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But summarizing it all up, the Cold War caused the world's two superpowers to: compete economically and militarily.
Because the Collonist did not agree with the way the British government ruled, they decided to take a stand and make their own.
Developed countries rely on exports from developing economies. When developed countries purchasing power is impaired, it also affects the export based economies of the developing economies.
