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