History of South America

What were the 2 opposing idealogies that waged cold war and created major political boundaries were?

Capitalism

* An economic system in which private individuals or businesses own and control the means of production.

* Believed that free markets and competition foster innovation and economic growth.

* Supported by the United States and its allies.

Communism

* An economic system in which the government owns and controls the means of production.

* Believed that centralized planning could create a more equitable society.

* Supported by the Soviet Union and its allies.