Question

The developing world was fair game for Cold War maneuvering by the super powers. In the 1950s, the developing world was called the Third World. Identify the events in which the following Third World countries were involved during the Cold War.

Answer 1

Third World countries were involved in the following events during the Cold War:

British Petroleum's loss of control of its oil production

Correct label: Iran

The Suez Canal Crisis involving Great Britain, France, and Israel

Correct label: Egypt

The United Fruit Company's nationalization

Correct label: Guatemala

"Nationalized the Suez Canal, jointly owned by Britain and France. Oil Company, whose refinery in Iran was Britain's largest remaining overseas asset."

Explanation:

The nations that are not aligned with either First World or Second World are known as Third World. The developing countries are referred as the Third World. Asia, Africa, and Latin America are some of the countries of Third World.

Cold War was actually a war with restricted rivalry after World War II. Cold war was between the countries with superpower. The Cold War is named so, as there was no usage of nuclear weapons and the countries did not fight with each other directly.