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Following theCold War,Russiacut military spending dramatically, but the adjustment was wrenching, as the military-industrial sector had previously employed one of every five Soviet adults[1]and its dismantling left hundreds of millions throughout the former Soviet Union unemployed.After Russia embarked on capitalist economic reforms in the 1990s, it suffereda financial crisisand a recession more severe than the United States andGermanyhad experienced during theGreat Depression.Russian living standards have worsened overall in the post–Cold War years, although the economy has resumed growth since 1999.

The legacy of the Cold War continues to influence world affairs.[After thedissolution of the Soviet Union, the post–Cold War world is widely considered asunipolar, with the United States the sole remaining superpower.The Cold War defined the political role of the United States in the post–World WarII world: by 1989 the United States held military alliances with 50countries, and had 1.5million troops posted abroad in 117countries.The Cold War also institutionalized a global commitment to huge, permanent peacetimemilitary-industrial complexesand large-scalemilitary funding of science.

Military expenditures by the US during the Cold War years were estimated to have been $8trillion, while nearly 100,000Americans lost their lives in theKorean WarandVietnam War.Although the loss of life among Soviet soldiers is difficult to estimate, as a share of their gross national product the financial cost for the Soviet Union was far higher than that of the United States.

In addition to the loss of life by uniformed soldiers, millions died in the superpowers'proxy warsaround the globe, most notably inSoutheast Asia.Most of the proxy wars and subsidies for local conflicts ended along with the Cold War; the incidence of interstate wars, ethnic wars, revolutionary wars, as well as refugee and displaced persons crises has declined sharply in the post–Cold War years.

The legacy of Cold War conflict, however, is not always easily erased, as many of the economic and social tensions that were exploited to fuel Cold War competition in parts of the Third World remain acute.The breakdown of state control in a number of areas formerly ruled by Communist governments has produced new civil and ethnic conflicts, particularly in the formerYugoslavia.In Eastern Europe, the end of the Cold War has ushered in an era of economic growth and a large increase in the number ofliberal democracies, while in other parts of the world, such asAfghanistan, independence was accompanied bystate failure.

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Q: Effects of cold war
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Short term effects of the cold war?

NATO, military blocs and the Warsaw Pact were short term effects of the cold war. It led to conflicts such as the Vietnam War.

What were the short term effects of the cold war?

The term effects of the Cold War is the Americans and Russians are scared to launch their nuclear missiles at each other.

What were the effects of the cold war on worldwide and in Europe?

ww2 .

What were the political effects of the Cold War?

it has nothing impact...

What were the side effects of the cold war?

Military spending was drastically cut as a side effect of the cold War. World affairs are still influenced today from the Cold War.

What were the effects of the Cold War?

It helped countries to be armed well.

What were the effects of cold war on international politics?

it has nothing impact...

What were the long term effects of Operation Barbarossa?

Cold War

Effects of the cold war on Asia?

Korean and Vietnam Wars.

What are the lasting effects of the Cold War?

The NATO , Warsaw pact, Korean and Vietnam war

What are the long term effects of world war 2?

the long TERM effect was the CoLd WaR!!!!!!!!!!!!!!

What were the long term effects of 'The Communist Manifesto'?

The cold war

How are the effects of the Korean War and Vietnam war similar?

They were both "hot battles" of the cold war (against communism).

What were some the short term effects of the Cold War?

everyone caught aids.

What were the causes and effects of the end of the cold war?

the berliin wall came down

What were the effects of the Cold War on the US?

More money spent on National Defense.

What were the negative effects of the Cuban Missile Crisis?

Cold war; upping the ante.

What were the early effects of the Cold War?

Building weapons (keeping up with the Jones's).

How did the cold war affect the earth?

The Cold War had the potential to severely impact the earth through the effects of expolding hundreds of nuclear weapons if it ever became a hot war. But as the Cold War did not result in a nuclear confrontation, it had esseentially no impact on the earth.

Did US and Soviet involvement in cold war escalate it?

Well, yes, we and the USSR were basically the only real country's in the war. However the cold war never really was a literal war. However the Korean War and the Vietnam War were effects of the Cold War, Also the Cuban Missile Crisis was as well.

What effects did the Cold War lead to in the United States?

A high employment in the Defense Industry.

Describe the effects of the introduction of nuclear weapons?

The main one has been the terror of the cold war and all the side effects from that terror.

What were the economic effects of the cold war?

The Cold War had a major impact on economics. One significant effect was the weakening of the economy of the Soviet Union which led to its eventual collapse. The Cold War had the opposite effect on the US as its industrial sector strengthened and it became a superpower.

What was the long term effects of containment?

Communist containment was the Cold War. The long term effects were MILITARY advancements, to include the computer which you are using now.

How were the effects of colonialism in Africa illustrated during the Cold War?

During the Cold War the effect of colonialism was very apparent in Africa. Many nations shifted towards communist like governments.