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The Cold War was a period of global geopolitical rivalry between the United States (US) and the Soviet Union ... 40–60% of the federal budget and 15% of GDP. [231]
The Cold War (1953–1962) refers to the period in the Cold War between the end of the Korean War in 1953 and the Cuban Missile Crisis in 1962. It was marked by tensions and efforts at détente between the US and Soviet Union .
Fiscal 2013 intelligence spending exceeded the Cold War peak, at $52.6 billion for NIP in the black budget and $23 billion for military intelligence programs. In constant dollars it is about double the estimated 2001 budget and 25% greater than the 2006 budget.
The Cold War defined the political role of the United States after World War II. By 1989, the United States had military alliances with 50 countries and 1.5 million troops posted abroad in 117 countries, which institutionalized a global commitment to a huge permanent peacetime military-industrial complex and the large-scale military funding of ...
Even so, the Soviet Union had the second largest economy in the world from the end of World War II until the mid-1980s. A major strength of the Soviet economy was its enormous supply of oil and gas, which became much more valuable as exports after the world price of oil skyrocketed in the 1970s .
Military budget of China, USSR, Russia and US in constant 2021 US$ billions Military spending as a percent of federal government revenue. The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures.
According to Forbes, the US helped win the Cold War with a high defense spending. Defense spending has decreased since the end of the cold war, in comparison with total federal spending. Stating: "This assessment proved to be accurate, as defense outlays as a share of total federal spending declined thereafter. The decade of the 1990s, in turn ...
NSC 68 was drafted under the guidance of Paul H. Nitze, Director of Policy Planning for the United States Department of State, 1950–1953.. By 1950, U.S. national security policies required reexamination due to a series of events: the North Atlantic Treaty Organization (NATO) was operational, military assistance for European allies had begun, the Soviet Union had detonated an atomic bomb and ...