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Cold War: Conflicts
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The Cold War was a period of East-West competition, tension, and conflict short of full-scale war, characterized by mutual perceptions of hostile intention between military-political alliances or blocs. There were real wars, sometimes caCold War was a period of East-West competition, tension, and conflict short of full-scale war, characterized by mutual perceptions of hostile intention between military-political alliances or blocs.
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[T]he purpose of Depression, War, and Cold War is not to refight relative responsibility for one or another episode of the Cold War. Rather, it is to assess the economic behavior of government, and the economic consequences of that behavior, in conflict.
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Relations between the two Koreas have improved significantly since their first-ever summit in 2000, spurring a series of exchange projects between the Cold War rivals that fought the 1950-53 Korean War. That conflict ended in a truce, not a peace treaty, leaving the two sides still technically at war.
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It is hard to imagine today, after more than 60 years of hot and cold conflicts, but the US once had a limited international role and avoided war. Notes Higgs, "Before 1940, everything about military procurement was different." The government didn't buy much hardware. Contracts were awarded through competitive bids. Many businesses consciously avoided military work.
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