In Broad Terms, Discuss the Changes in Focus of the U.S

question 52

Essay

In broad terms, discuss the changes in focus of the U.S. foreign policy beginning after World War II. What was the major thrust of activities immediately after WWII, in the 1960s through 1980s, in the 1990s through 2001, and in the modern times? How did the focus and priorities of U.S. policies shift?

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Definitions:

Budget Line

A budget line represents the combinations of two goods that a consumer can purchase with a given income and prices, illustrating the trade-off between the two goods.

Risk-free Asset

A Risk-free Asset is an investment with a certain return, with no risk of financial loss, often exemplified by government bonds.

Risky Asset

An investment with a significant degree of uncertainty in its future payoffs, including the potential for losing some or all of the original investment.

Internet Bubble

A period, typically in the late 1990s, characterized by rapid expansion and inflation of the value of internet-based companies, leading to a market crash.