Answer:
act of developing and producing warfare weapons and ammunitions
Explanation:
Arms race is the act of developing and producing warfare weapons and ammunitions among nations and countries.
Pros:- One of the major advantages of arms race is that it helps countries to equip themselves with modern weapons which, at times, act as a deterring factor that keeps other countries from invading and threatening another country.
Arms race also contributes to the increase in the economy of a nation as many countries buy and sell modern weapons and equipment with one another.
Cons:- The major disadvantage of arms race is that procuring and developing weapons of mass destruction itself is a threat to the whole mankind.
Arms race has also led many nations to undermine and subjugate one another in the race to accumulate power.
They called it "The New World".
Key events:
1918: world war I ends.
1920: nineteenth amendement ratified.
1928: Herbert Hoover elected president.
1929: Stock Market Crash.
1930: Hawley Smoot Tariff passed.
1932: Franklin Roosevelt elected president.
1933: New Deal begins.
Hope this helps.
Trade, religion, colonialism, exploration
