Explain the Rationale for the Postwar Policy of Containment

question 54

Essay

Explain the rationale for the postwar policy of containment. Show how it was applied in the Truman Doctrine, the Marshall Plan, NATO, the enactment of the National Security Act of 1947, the creation of the "Voice of America," and the resurrection of the military draft in 1948. What were the realistic U.S. foreign policy alternatives to containment, and why weren't they explored by the Truman administration?

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Definitions:

Marginal Revenue Curve

A graph that shows the change in total revenue for each unit sold, illustrating how marginal revenue changes as output changes.

Multiplant Monopolist

A monopolistic firm that operates more than one production facility in different geographic locations to maximize profits and maybe meet differentiated demand.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Marginal Revenue Curve

A graphical representation showing how marginal revenue changes as output level changes.