Describe the Major Trends in American Foreign Policy in the 1950s

question 91

Essay

Describe the major trends in American foreign policy in the 1950s.

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Definitions:

Rising Deficits

An economic condition where a government's expenditures exceed its revenues over a specified period, leading to an increase in debt.

Inflation

The speed at which prices for goods and services generally go up, diminishing the buying power.

Industrial Base

The sector of the economy made up of manufacturing, engineering, and infrastructure companies, which is fundamental for a country's economic development.

John D. Rockefeller

John D. Rockefeller was an American industrialist and philanthropist, best known for founding and leading the Standard Oil Company.