LAST TERM SOCIAL

• The term capitalism and it's root word capital came from the latin word caput which means "head" or "chief".
• Modern economists describe capitalism as an ideology that allows individual to participate in "Free Market".
• Adam Smith the father modern economics, wrote about capitalism in his book "the wealth of nations".
• The term "Socialism" much like the root word for capitalism came from latin, the word sociare means "to share".
• "Public ownership" an idea to everyone owns what society has produced.
• Socialism


  Was the result of the french revolution in 1789.
• Utopian


  Perfect society.
• Free association


  An economic system of relationships between individuals who has more control over the production and consumption of goods.
• Communism


  Everything is shared and everyone equally recieves his fair share, however no private property allowed.
• Democracy


  "Rule of the people"
• Abraham Lincoln


  "A goverment of the people, by the people, for the people"
• Berlin Wall

  Symbol of the cold war.
• Marshall Plan


  An economic aid to the countries in war torn europe, US $13 billion were allocated by the US congress.
• Molotov Plan


  due to the lack of financial resources, COMECON failed to support Eastern Europe.
• Containment Policy


  Defense strategy.
• NATO


  North Altantic Treaty Organization
• Warpac


  A treaty of friendship.
• Arms race


  the competition in military power and nuclear technology.
• Sputnik


  the first man-made object sent to space to orbit earth.
• Berlin blockade


  isolated many citizens of west germany.
• USA, BRITAIN, FRANCE, SOVIET UNION

  germany was divided into 4 zones.
• Red scare


  Fear of Communist
• Vietnam war


  Probably the most famous and most devasting among the proxy wars.
• Soviet-afghan war


  One of the most relevant proxy wars that happened during the cold war.
• detente policy

  "relaxation" or "thawing out"
• Glasnot


  openess
• Demokratizatsiya


  democratization.
• perestroika


  restructuring
• Neocolonialism


  new settlement
• Economic factors


  people are dependent on the goods that colonizers brought them.
• Social factors


  foreign culture has influencee the way former colonies saw their way of life.
• Psychological factor


  former colonies have an inferiority complex.
• 5 forms of neocolonialism

  Economic dependence, cultural hegemony, academic imperialism, foreign aid, modernization.