- 1945-1991
- Clash of ideology
- Unofficially started in 1917
- Period of distrust and misunderstanding
- Capitalism is when an economic and political structure where private proprietors, acting for their own financial gain, control a nation's trade and industries.
- Communism is a theory or method of social organisation where everyone shares in the community's ownership of all property and gives and gets based on their needs and abilities.
- Capitalist believed in:
- Laissez Faire Economy (Free Market Economy)
- Privatisation of resources
- Freedom of the press
- The ability to criticise the government
- More economic freedom
- Communist believed in:
- Nationalisation of resources
- Equal Pay for equal work
- State Control of industries
- No freedom of the press
- Abolition of the private sector
- Communism ultimately leads to a dictatorship or authoritarian government
- Domino Theory-
- If one nation became communist, neighboring nations would follow
- Many African and Asian countries gained independence
- Under developed nations likely to follow communism
- This applied especially in Vietnam since its neighbouring nation, China was already a communist.
- It became more severe in Vietnam due to the fact that China’s neighbouring nation was the USSR.
- Ho Chi Minh was also trained in the USSR (specifically Moscow) which meant he already had a communist ideology.