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From the End of the Cold War to a New Global Era

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Essay #1 from the end of the cold war to a new global era
The Cold War was a conflict between the two Superpowers of the USA and the USSR. Even though there was no direct military action between the two countries, the 'war' greatly changed the political scene of Europe and the rest of the world, This conflict resulted in turn to start a new global era where the global economy.
Between 1969 to 1978 both the powers realized that such a situation could not establish peace in the world. During this period, there was a marked decline in the cold war so Many factors have contributed in ending the cold war such as Both the blocs realized that there would be no winner in a nuclear war, The break up between Russia and China further destroyed the fear of the spread of Communism, The collapse of the U.S.S.R. has further facilitated the end of the cold war after December 1991, The efforts of the former U.S. President George Bush (senior) and the former Soviet President Gorbachev proposed reduction in armaments in 1991, The rigid military alliances also showed signs of breaking down. France withdraws her troops from NATO, Pakistan went out of SEATO and In 1992 President Bush (senior) and the Russian President Boris Yeltsin formally announced that the cold war was over.
In conclusion the end of the cold war led to the emergence of a unipolar world, also includes many high and low points for the two superpowers and the world as a whole, the Soviet economy faced the continuously escalating costs of the arms race. Dissent at home grew while the stagnant economy faltered under the combined burden. Attempted reforms at home left the Soviet Union unwilling to rebuff challenges to its control in Eastern Europe, the conflict became about which system better provided for the people. In the end, Capitalism won out, but only by a slim margin, finally others pointed out that no one…...

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