The correct answer to this open question is the following.
Unfortunately, you did not mention what crisis you are referring to.
Without that information, we do not know what you are talking about.
However, trying to help, we can assume you are talking about the Cold War crisis because it was the Soviet Union that coined that phrase after the Cold War years.
So if that is teh case, what would happen to the idea of peaceful co-existence as a result of this crisis was that the two world superpowers of that time -the Soviet Union and the United States- had to learn to live in relative coexistence and "peace," after so many years of competing in the arms race, the space race, and the spread-containment of Communism around the world.
These countries had to learn how to coexists, more for necessity, rather than conviction.
<u>Effects of laissez-faire capitalism:</u>
- Laissez-faire capitalism allows companies to compete freely with each other in an open marketplace.
- Without costs of government regulation, businesses can grow faster.
- This leads to price increases for the consumer and the lack of diversification in the marketplace.
- Without restrictions from the government, there is more incentive for innovation, and technological advances can take place.
- This can result in a large wealth gap in a society with a few very rich people in control of the majority of the economy's wealth.
- Capitalism (or laissez faire) feeds and clothes and houses more people at higher levels than any other system.
- Workers have more rights, and have a comfortable work environment.
- Lots of government involvement and regulation raises cost and slows growth.
<span>Confucius encouraged education and valued study over intuition. Following his structure of society, he believed that the young should learn from the old and study classical texts.</span>
He predicted "that the day will come when ... you will have to make a ... an area of the new Czechoslovakia with a significant German-peaking population"
