The Marshall Plan aimed to rebuild Europe and limit Soviet influence

Wartime conferences exposed cracks in the US–Soviet alliance

At the Tehran, Yalta and Potsdam Conferences, Allied leaders coordinated WWII strategy—but deep disagreements over postwar Europe foreshadowed the Cold War. The USSR’s push for influence in Eastern Europe clashed with US and British calls for self-determination.

Propaganda became a key weapon in the US–Soviet Cold War

Both superpowers waged a global battle for hearts and minds through propaganda—using film, radio, art and education to promote their values. The US emphasized freedom and prosperity, while the USSR championed socialism and anti-imperialism.

The Cold War (1947-1991) prompted the birth of NATO and the Soviet Warsaw Pact

The geopolitical rivalry between the United States and Soviet Union was considered “cold" because the two countries never directly engaged in military combat during the time period. This page from the Kennedy Presidential Library outlines the causes and major events of the early Cold War.

The Berlin Airlift was the largest in history and a major Cold War victory for the US

In 1948, the USSR blockaded West Berlin to pressure America and its allies. In response, the US and its partners launched the largest airlift in history—delivering supplies daily for nearly a year until Stalin backed down.

The Truman Doctrine marked the start of US containment strategy

Introduced in 1947, the Truman Doctrine pledged US support for nations resisting communism—starting with Greece and Turkey—and launched the containment policy that defined early Cold War strategy.

Cold War soft power helped sell the space race to the American public

The fear of Soviet dominance prompted the US to invest heavily in space, but public support was also crucial. This video shows how marketing, media, and "soft power" framed spaceflight as peaceful, aspirational, and worth the cost—helping sustain the space race at home.

Soviet control spread across Eastern Europe after WWII

In the late 1940s, the USSR solidified control over Eastern Europe by installing pro-communist regimes in countries like Poland, Hungary and Romania—often through rigged elections and political repression.

NATO was formed in 1949 to deter Soviet expansion, prevent European militarism, and encourage political integration.

The first federal student loan program began in 1958

As the Cold War heated up, federal officials recognized the need to provide financial aid to students pursuing degrees in areas critical to national security, like science, math, and engineering. These programs evolved to broadly support the general population, both increasing access to college while acting as a driver of increased costs. This six-part series takes a deep dive into the history of federal student aid.

During the Cold War, the rules-based order was largely limited to the West

The Soviet Union and its allies operated outside the Bretton Woods institutions, meaning the postwar liberal order functioned as a regional rather than a truly global system. This changed with the USSR's collapse in 1991.

The US intervened in Latin America to block communist influence during the Cold War

Fearing Soviet expansion, the US intervened across Latin America by backing coups, funding right-wing regimes, and supporting anti-communist militias—most notably in Cuba, Chile, Nicaragua and Guatemala.

The 1955 Warsaw Pact was the Soviet Union’s answer to NATO

The pact included Albania, Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, Romania, and the USSR. The pact established collective security and a joint military command between the member countries.

The Berlin Wall physically separated East and West Berlin for nearly three decades, preventing East Germans from fleeing to the West and earning the nickname 'the Iron Curtain.'

The Kennan Telegram shaped early US Cold War strategy

In 1946, diplomat George Kennan sent a long telegram from Moscow warning that the Soviet Union was inherently expansionist. His analysis laid the groundwork for the US policy of containment that defined the early Cold War.

Churchill’s 1946 ‘Iron Curtain’ speech warned of growing Soviet domination

In a 1946 speech, Winston Churchill declared that an “Iron Curtain” had descended across Europe—dividing East from West. The address marked one of the first public acknowledgments of the emerging Cold War and coined the term that would define the conflict.

How Stalin, Roosevelt, and Churchill shaped the postwar world

The Yalta Conference was a pivotal 1945 meeting between Allied leaders that helped shape the postwar global order and laid the groundwork for the founding of the United Nations.

See an animated map of the entire Cold War.

The Bretton Woods conference in 1944 created the foundations of the modern global economy

In July 1944, 44 nations gathered in Bretton Woods, New Hampshire, to create a new postwar economic order. The conference led to the creation of the IMF and the International Bank for Reconstruction and Development—now known as the World Bank.

The Soviet Union had a similar sphere of influence policy during the Cold War—the Brezhnev Doctrine

Articulated in 1968, the Brezhnev Doctrine claimed the Soviet Union's right to intervene militarily in its satellite states to prevent any deviation from communist rule. It was used to justify the invasion of Czechoslovakia that same year and the invasion of Afghanistan in 1979.

In 2024, the US committed about $82.3B to foreign aid.

That year, 67.2% of foreign aid was for economic purposes, and the remaining 32.8% was for military purposes. Israel received more US foreign aid than any other country in 2024.

Germany is pursuing its most significant military buildup since WWII.

How World War II affects your wallet today

The world's deadliest conflict also impacted social programs extensively, including ways that still affect your money today. World War II is responsible for the practice of employers withholding tax payments and sponsoring health insurance, as well as the norm of providing school lunches for the nation's schoolchildren. Watch this brief video to learn more.

The history of ARPANET and how it helped the US military during the Cold War

President Dwight D. Eisenhower established the Advanced Research Projects Agency in 1958, which recruited scientists to design the first large-scale computer network to support the American military during the Cold War. Academics would use the network to communicate via email among several US research universities.

Rockwell's 'Four Freedoms' raised millions for the US war effort

Rockwell initially pitched the "Four Freedoms" project to the US Ordnance Department, but was rejected. Rockwell's editor at the Saturday Evening Post, however, loved the idea and published the images across four consecutive issues. After they became a sensation, the Saturday Evening Post partnered with the US Department of the Treasury to send the paintings on a 16-date national tour, which raised $133M in war bonds and stamps. Meanwhile, the Office of War Information printed four million sets of the posters with "Buy War Bonds" emblazoned on them.

At the Brandenburg Gate in 1987, President Ronald Reagan famously challenged Soviet leader Mikhail Gorbachev to "tear down this wall," casting the Berlin Wall as a symbol of the Communist era and Germany's Cold War division.

Hollywood helped fund American military activity by boosting bond sales

To help fund its WWI military activity, the US introduced Liberty Bonds—government-issued debt marketed directly to the public. Starting at $50, the campaign targeted working Americans and offered Thrift Stamps to make bond-buying more accessible. Hollywood led the charge, with stars like Charlie Chaplin and Mary Pickford boosting bond sales.

Reagan’s 'tear down this wall' speech challenged Soviet control of Berlin

In 1987, President Ronald Reagan stood at the Brandenburg Gate of the Berlin Wall and urged Soviet leader Mikhail Gorbachev to “tear down this wall.” The speech became one of the most iconic moments of the Cold War and a symbol of growing pressure on the Eastern Bloc.

European leaders pursued appeasement of Hitler in the 1930s, hoping to avoid war.

The Smoot-Hawley Tariff Act—which was passed during the Great Depression with the goal of reviving domestic industry—is among the most famous pieces of economic legislation in US history.

The Soviet Union explained

From 1922 to 1991, the Soviet Union spanned one-sixth of Earth’s landmass and housed nearly 300 million people. As the most significant test of Marxist governance, it sat at the center of the century’s defining struggle between capitalism and communism.

Some scholars consider the Bretton Woods system one of the best foreign policy decisions in US history

A survey of historians by the Council on Foreign Relations ranked the creation of the Bretton Woods system among the top 10 foreign policy decisions in US history, highlighting its role in establishing postwar stability, prosperity, and decades of economic growth.

The US and the USSR each boycotted Olympic Games during the Cold War

The US led a boycott of the 1980 Moscow Olympics over the Soviet invasion of Afghanistan. In retaliation, the USSR and its allies skipped the 1984 Los Angeles Games.

The Monroe Doctrine was designed to keep Europe out of the Americas

First articulated in 1823 by President James Monroe, the doctrine declared the Western Hemisphere off limits to European colonization. It has since been invoked to justify US military interventions in Latin America, from Teddy Roosevelt's takeover of Venezuela to George H.W. Bush's arrest of Panama's leader Manuel Noriega.

The Nazis and Soviets agreed to a non‑aggression pact in 1939

On August 23, 1939, Nazi Germany and the Soviet Union signed the Molotov–Ribbentrop Pact—a public commitment to not attack each other combined with a secret agreement dividing Eastern Europe into spheres of influence. This pact enabled Germany to invade Poland unopposed from the east and delayed conflict with the USSR until June 1941.

The Manhattan Project was one of the most expensive undertakings of World War II

Building the first atomic weapons required hundreds of thousands of workers, vast secret facilities, and enormous spending. This 1998 study details the full cost of the Manhattan Project and compares it to other major US wartime expenditures.

US secrets: Project Paperclip

The US launched Project Paperclip in 1946, covertly recruiting over 1,500 German scientists to advance American military and space programs. Among them was Wernher von Braun, a key architect of the V-2 rocket who later became instrumental in NASA’s Apollo missions. While these scientists accelerated technological breakthroughs, their recruitment raised moral debates about overlooking wartime affiliations in the name of progress—questions that remain unresolved today.

The IMF was created to prevent the currency crises that destabilized the 1930s global economy

Founded in 1945, the IMF monitors exchange rates, promotes financial stability, and provides emergency funding to countries that cannot pay for their imports. It currently has 191 member countries and acts as a lender of last resort for struggling economies.

US–Soviet hostility began long before the Cold War

US–Soviet tensions began decades before WWII. After the 1917 revolution, the US refused to recognize the Bolshevik regime and even sent troops to fight against it.

The Concert of Europe was an earlier attempt to manage great power relations through shared rules

After the Napoleonic wars, European powers established a system of regular consultation to manage conflicts and maintain the balance of power. It offered relative stability for nearly a century before deteriorating.

US defense spending peaked during the Korean War at 13% of GDP

In 1953, during the Korean War, US defense spending reached 13.58% of GDP—more than three times today’s level. That peak marked the most militarized moment of the Cold War, and spending has never returned to that level since.

Track how much the US government has spent on bailouts.

The Manhattan Project, the top-secret American program that built the world's first atomic bomb, cost $27B in today's dollars and reshaped global power.

Airbus is a rare European industrial success story that overtook a rival American firm

After World War II, the US dominated aviation, particularly Boeing. To compete, Europe's major industrial nations pooled resources to form Airbus, a customer-centric airplane manufacturer. Its A320 family of planes became the most popular in airliner history, leading to profitability in the 1990s. Amid Boeing's major hurdles in recent years, Airbus remains the industry leader.

During the Cold War, the Soviet Union created a Eurovision competitor

The Soviet Union was not a member of the European Broadcasting Union, so it couldn't compete in Eurovision. In 1977, it turned a preexisting Polish-language singing competition into one that more closely resembled Eurovision and renamed it Intervision. The competition was open to countries from across the globe, regardless of their form of government, though most entrants were from communist countries.

The US and the USSR backed opposing sides in dozens of proxy wars during the Cold War

To avoid direct confrontation, the superpowers supported rival factions in conflicts around the world—including in Korea, Vietnam, Angola, and Afghanistan.

Communist governments across Eastern Europe fell in 1989

In 1989, a series of mostly peaceful uprisings led to the collapse of communist regimes in Eastern Europe. Protests and political shifts in countries like Poland, East Germany and Czechoslovakia marked the end of Soviet dominance in the region.

John Marshall invested in western land speculation

Like many Virginia elites of his era, Marshall invested in large tracts of western land, including holdings in Kentucky and the Ohio valley. His financial interests mirrored the broader post-Revolutionary pattern of land speculation among political leaders.

The 1956 Federal-Aid Highway Act spent $25B to build 41,000 miles of freeway

Sold to Congress as a national defense measure, the Interstate Highway Act committed the federal government to covering 90 cents of every dollar spent on a 41,000-mile freeway network, a subsidy that reshaped American cities and supercharged car dependency.

What was life like in walled-off West Berlin?

As Germany fractured along ideological lines, ruled by the Soviet Union in the East and Allied powers in the West, the capital city of Berlin, fully immersed in Soviet territory, became an island of refuge for people trying to flee Communist...

In 1914, the Financial Times asked readers to redraw Europe for cash prizes

Two months in World War I, the newspaper invited readers to sketch postwar borders and submit peace terms for cash prizes. The contest captured public attempts to predict a new world order and foreshadowed modern crowdsourced forecasting. It's a wild look at how uncertain Europe's future was at the time.