The the period of the second party system (mid 1824-1860)
The USA and the USSR had opposing views of government. Although all nations of the world after WW2 wanted peace, Stalin had other plans. To turn all the countries communist. Rather than the democratic government the USA wished for. Soon things got hot. Very fast.
They order and structure the behavior of individuals by means of their normative character. They also structure incentives in human exchange, whether political, social or economic”. Institutions comprise for example contracts and contract enforcement, protection of property rights, the rule of law, government bureaucracies, financial markets.