I believe the answer would be opportunity cost. the opportunity cost is the cost to create an item which can result an increase in the price to ensure they make profit
American society by influencing family lives, teenage behavior, and the civil rights movement.
<u>Answer:</u>
The main difference between Vietnam war and the other previous US war was that the Vietnam war was a civil war.
<u>Explanation:</u>
The Vietnam war was the second Indochina War officially fought between North Vietnam and South Vietnam. The U.S was allied to South Vietnam as an anti-communist alliance. At the time, the U.S. had a treaty obligation under SEATO (Southeast Asia Treaty Organization) to help the South Vietnamese. It was a war going on inside a country that lasted for about nineteen years. The justification that U.S. had for the military involvement in the war was because the North Vietnamese had fired on the U.S. ships in International waters.
One big change in the global economy after World War II, as compared to before the war, was a pattern of steady growth. From 1950 to 1973, the average annual GDP growth of market economies in the developed world averaged around 5% and remained rather steady. This was a strong improvement over the convulsions of the Depression that had happened prior to the Second World War.
Also over the decades after the World Wars, the global economy became more interconnected than ever before as well. Granted, during the Cold War years there was a wall (or shall we say an iron curtain) between the connected economies of the democratic countries and the connected economies of the Soviet bloc of nations. But eventually the communist system would collapse, and the increasing globalization of economies would continue and accelerate into the 21st century.
As nations like the United States have shifted more and more toward service economies rather than manufacturing economies, developing nations of the world have advanced strongly in the global economy through industrialization and growth of industrial production. So now there are new economic powerhouses in the world, such as India and China, which played a much smaller role in the global economy a century ago.
The dangerous period of rivalry between the United States and the Soviet Union was called the "Cold War" <span />
