1. Cold War Terms
US vs USSR Notes

2. Private ownership of industry Freedom of competition
Economy
The United States
Capitalism
Private ownership of industry
Freedom of competition
Survival of the fittest

3. Laissez-faire: government keeps “hands off”
Economy
The United States
Laissez-faire: government keeps “hands off”
Creates different economic classes

4. Government ownership of industry Created as reaction to capitalism
Economy
The Soviet Union
Socialism
Government ownership of industry
Created as reaction to capitalism

5. Goal is to bring economic equality to people Classless society
Economy
The Soviet Union
Goal is to bring economic equality to people
Classless society

6. Government by the people Two forms: 1. representative 2. direct
Politics
The United States
Democratic
Government by the people
Two forms:
1. representative
2. direct

7. Politics The Soviet Union Totalitarian Government by one or a few
Total (hence the term) control over most aspects of people’s lives
No freedom of press or speech

8. Key Values The United States Freedom Condition of being free
Freedom of press, freedom of speech, freedom to do business

9. Key Values The Soviet Union Equality Condition of being equal
All citizens have basic needs taken care of like food, housing, education, and jobs

10. Society The United States Individual
Stresses the need for people to do things on their own
Competition: the best get to the top
Example: individual class work

11. Society The Soviet Union Collective
Stresses the need for people to do things together to benefit the whole
“all for one, and one for all”
example: collective farm