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Notes on video lecture:
1970s Obstacles to Reducing Cold War Tensions
Notes taken by Edward Tanguay on August 17, 2014 (go to class or lectures)
Choose from these words to fill the blanks below:
oil, import, float, Bretton, slave, inflation, internationally, Vietnam, nuclear, land, compensate, economic, strike, larger, stronger, power, printing, unemployment, Iranian, SovietSoviet, nothing, devalues, Brazil, Monetary, Solzhenitsyn, Cambodia, advanced, erosian, bureaucratic, money, South, inefficiencies, surface, overruns
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large bureaucracies produced by the Cold War began show signs of                             
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socialist economy models were beginning to show signs of               
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the feeling that both socialist and capitalist governments were become too big,                          entities engaged in a military competition
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the inflation of 1970s
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governments are spending and printing too of           
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common economic belief that if inflation goes up,                          would come down
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even if it                  the currency
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but governments discovered that you can indeed have high                    and high unemployment
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end of the                Woods financial system
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1870s: World Money 1.0
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gold exchange
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1944: World Money 2.0
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the Bretton Woods system
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gold dollar standard
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gold as anchor but print dollars
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trouble maintaining the value of the dollar
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established the International                  Fund (IMF)
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1971: broke this system
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               really took this place
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currencies go into a free            against each other
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1973: first        shock spike in oil prices
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oil producing countries raise price of oil
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1978: another price jump because of                revolution
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how do these problems affect each                  model:
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ISI: Import, Sustitute, Industrialize (e.g.             : trade low, support local)
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any oil you              becomes more expense
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you have few exports so it is hard to                     
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you may even have to pay more subsidies to further protect your industries
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you'll start                  money
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creates endemic and hyper inflation
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EOI: Export Oriented Industrialization
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Japan,            Korea
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depressed their domestic standard of living in order to compete                               
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as economy worsens globally, you are not able to export as much
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United States suffers a defeat in the                War
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1973 troops out, signs treaty
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treaty breaks down
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North Vietnam                  South Vietnam
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it feels like the expansion of American power is in retreat
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it looks in ways that the USSR is getting                  during the 70s but socialisms were having economic troubles
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obstacles to reducing the peaceful coexistence
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1. exposed realities such as Alexandr                         
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exposes Soviet Union's            labor system
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2. each superpower has different forces
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Soviet army much             
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NATO forces more                 
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but this means that if Soviet force overrun Europe, NATO countries have to be the first to use                weapons
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i.e. will the United States sacrifice Chicago to save Hamburg?
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3. Nuclear asymmetry
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Soviets have huge force of heavy         -based missiles
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USA has longer missiles and submarines
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USA feels Soviets would tend to              first
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Soviets fear that USA will build up too much            and offset the balance
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4. ongoing struggles in Third World
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each was seeking unilateral advantage
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Vietnam finds itself at odds with Chinese dominated                 
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Vietnam invades Cambodia putting an end to the genocide being conducted by that communist regime
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Angola being secretly backed by each superpower
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Somalia, Soviets supporting military dictator, sides get help from each superpower
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El Salvador, Guatemala
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5. Afghanistan invasion
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Soviets feared that the Americans would get involved, but this move seen largely as                          aggression
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military balance looked stable on the                but not when you looked deeper

Vocabulary:

adjudicate, v. give a judicial decision ⇒ "The realistic path for the superpowers was to adjudicate the conflicts and disputes among themselves."

People:

Aleksandr Solzhenitsyn (1918-2008)
Russian novelist, historian who helped to raise global awareness of Soviet Union's forced labor camps
  • wrote "One Day in the Life of Ivan Denisovich"
  • was expelled from the Soviet Union in 1974 but returned to Russia in 1994 after the dissolution of the Soviet Union
1914: Schizophrenic Germany
1914: The Balkan Whirlpool
1914: From Balkan Crisis to War
1914-1916: All War Plans Fail Horribly
The 1916 Missed Opportunity for Peace
WWI Pushes Warring Countries Toward Total States
Why the Allies Won World War One
Post-WWI: Filling the Void of Collapsed Empires
Post-WWI Communism vs. Anti-Communism
Post World War I: The Age of Uncertainty
1910s/1920s: Modern Women
The World of 1930
The 1930s World Crisis
1930s: The Decade of Contingency
America's Entry into World War II
WWII: Strategies for Total War
1945: Hour Zero
Post WWII: Imagining New Countries
Conflicts in Postwar Nation Building
The Two Europes That Emerged After WWII
1947 China: Undesirable Communists vs. Flawed Nationalists
Post WWII: The Age of America
Reasons for the Korean War
How WWIII was Avoided in the Korean War
1950-1952: The Cold War Comes to Main Street
1950-1954: The H-Bomb and the Nuclear Revolution
1950s: Loosening Empires and Building Confederations
The Emergence of the Third World
1958-1962: The World at the Brink
Third World Proxy Wars of the 1950s and 1960s
Managerial States and the Transnational Disruption of 1968
1970s Obstacles to Reducing Cold War Tensions
1970s Democratic Socialism Becomes a Non-Choice
1980s Political Polarization
1980s: Global Capitalism Transformed