Answer:
The answer is written below…
Step-by-step explanation:
During the Cold War, the United States and the Soviet Union were characterized by different economic systems, which contributed to tensions between the two superpowers:
1. **Capitalism vs. Communism:**
- **United States (Capitalism):** Embraced a market-oriented economic system with private ownership, free enterprise, and competition.
- **Soviet Union (Communism):** Adopted a centrally planned economy where the state controlled the means of production and distribution.
2. **Ideological Conflict:**
- The ideological clash between capitalism and communism fueled political and economic rivalry, each superpower viewing its system as superior and fundamentally incompatible with the other.
3. **Economic Competition:**
- The United States and the Soviet Union competed globally for influence, seeking to spread their economic ideologies. This competition extended to regions such as Eastern Europe, where the U.S. promoted capitalism and the Soviet Union promoted communism.
4. **Arms Race:**
- Both nations engaged in a costly arms race, driven by economic and military competition. This competition strained their economies and contributed to the overall tension.
5. **Space Race:**
- The competition for technological and scientific superiority, particularly evident in the space race, was a manifestation of the broader economic and ideological conflict.
6. **Proxy Conflicts:**
- Economic and ideological differences played out in various proxy conflicts around the world, such as the Korean War and the Vietnam War, where the superpowers supported opposing sides.
7. **Trade Barriers:**
- The ideological divide led to economic isolation, with each side establishing trade barriers and restrictions against the other. The Iron Curtain symbolized the economic separation between the Eastern Bloc and the Western Bloc.
8. **Differing Economic Goals:**
- The U.S. focused on fostering economic growth through market-driven mechanisms, while the Soviet Union prioritized centralized planning and collective ownership.
These economic differences, coupled with political and ideological tensions, defined the Cold War era and shaped global geopolitics for several decades. The eventual collapse of the Soviet Union marked the end of the Cold War and highlighted the challenges associated with sustaining a centrally planned economic system.