The Cold War Was of Overriding Importance During the Period

question 57

Multiple Choice

The Cold War was of overriding importance during the period after World War II for all of the following reasons except

• A) It was an automatic "pump primer" which helped keep spending levels high in the overall economy.
• B) It helped fuel growth of key sectors of the economy, such as aircraft manufacturing and computers.
• C) It fostered economic growth and urbanization in many parts of the nation where military bases and defense factories were built.
• D) It put people to work who would otherwise have been unemployed because without high levels of defense spending, the economy almost certainly would have lapsed back into a depression like the one of the 1930s.

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Definitions:

Contract Law

The body of law that governs the formation, enforcement, and interpretation of agreements between parties.

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be fulfilled or a product will meet a specified standard of quality.

Indemnity

A legal agreement to compensate for any losses or damages incurred by another party.

Statute of Frauds

A legal principle that certain types of contracts must be in writing and signed by the party to be charged, in order to be enforceable.