Impact of the Cold War on the World Economies Essay -- Russia vs Ameri

Abstract from Paper World War II created many issues on a world wide scale, two different forms a government were fighting for influence. This created a divide between communist countries and democratic counties which set up the Cold War. This divided world created a globalized economy unlike ever before, one with communist countries and one with democratic. All the countries of the world, of each government type, were interconnected and dependent on each other. The countries of the opposite group were not traded with, all the trading was done within a countries own group. ----------------------------------------------------------------- Keeping a nation’s economy going is a very difficult balancing act. Things the country itself does, like pass new laws, can effect a countries economy greatly. Situations were economies are hurt by new laws are completely in the hands of the countries government. In some situations it’s not in their control at all. This is like the situation with Scotland and its trade with Russia. The actions Russia has taken with the Ukraine have caused the European Union to put sanctions on Russia. This intern has hurt Scotland’s economy greatly. The country usually exports 45 million GPD of food and drink to Russia but 22 million GPD was stopped by the sanctions. That is a huge loss in revenue and has far reaching affects, the normal trade of these countries can be seen in the image bellow. Also it not only affects that sector of the economy but ripples through the whole economy (Maddox). However, this situation is not a new one and its causes can be traced back to the Cold W ar. World War II created many issues on a world wide scale, two different forms a government were fighting for influence.... ...illars in the modern globalized democratic economy, alongside the U.S., causing many issues and creating a worldwide economic rift even to this day. WORKS CITED â€Å"Hoffman Reports Gain in ‘Cold War'† New York Times, December 8,1949. Maddox, David. â€Å"Nato tells Putin: ‘We stand with Ukraine’ The Scotsman, September 5, 2014. McWilliams, Wayne C., and Harry Piotrowski. The World since 1945: A History of International Relations. 7th ed. Boulder: Lynne Rienner Publishers, 2009. Our Own Correspondent, et al. â€Å"Occupation Powers And European Economy.† Times [London, England] 11 Apr. 1950: 6. The Times Digital Archive. Web. 16 Apr. 2015. Painter, David. The Cold War An International History. New York: Routledge, 1999. Simensen, Jarle. â€Å"Democracy and Globalization; Nineteen Eighty-nine and the â€Å"Third Wave† Journal of World History 10.2 (1999) 391-411.