Canadas Role in Cold War Essay Example | Topics and Well Written Essays - 3000 words

Canadas Role in Cold War - Essay Example Subsequently, we will try to discuss the role of Canada played during the period of the Cold War. After the World War I, the rivalry and hostility were developing their roots among the regions of the United States and USSR. In October 1917, the ouster of the Russian government occurred, and subsequently, the Russian leader Vladimir Lenin decided to call back his troops from the war. In the year 1918, the United States of America supported by Canada, the Great Britain, Japan, and France interfered with the militaries of the Vladimir Lenin in Russia. The abovementioned countries made intervention to avert collapse against Germany, but Russian premier Lenin and his colleagues considered such intervention as an assault on Russia, which was highly offended by his government. The United States, Canada, and the European countries were aggrieved about the Russia's new government. They showed their concerns against the capitalism and conversion of the local communist parties into an international campaign. Later on, the Union of Society Socialist Republic (USSR) was converted into the Federal Union of Russia and its adjoining areas were brought under the Communist control. However, the United States of America did not recognize the Soviet State until 1933.1 The differences between the United States and the USSR worsen in the regime of Russian leader Joseph Stallion during the period of 1929 to 1... However, Adolf Hitler breached his agreement, and in June 1941, he ordered his armies for aggression against the USSR, the United States, and the Britain. In the result, a defense coalition was formed, in order to defeat the Germany in the preceding four years. The coalition among American-British-Soviet Union, which was known as the grand alliance, proved the mistrusted coalition on the part of the Soviet Union. The USSR claimed to bore heavier price, as compared to other nations, which were active in continuity of the war. When victory seemed to be closer in the year 1944, the conflict became more visible within the alliance. 2 By the passage of time amid tensions, the two great blocks came in to the existence, one of which was led by the United States and was known as the Western block. It was consisting of the United Kingdom, Canada, France, Germany, Philippines, Japan, and many other Western- European and Latin American countries. The second block was led by Russia, and was known as the Eastern block. The countries included in the later block were Albania, Bulgaria, East Germany, Czechoslovakia, Poland, Hungary, and Romania.3 Canada's Introduction In the Cold War, an occasional but important and middle-power role was played by Canada. Throughout the struggle during the war, the United States and the West were supported by Canada. In this paper, we will try to understand the role of Canada during the Cold War, as well as its consequences from the Cold War, which were confronted by it.4 Early Cold War During the Cold War, it was very predictive that Canada would take the side of the United States and the West, as

Utility and Demand Theory Term Paper Example | Topics and Well Written Essays - 1750 words

Utility and Demand Theory - Term Paper Example   Marginal utility is an important concept when analysing the demand theory, marginal utility refers to the additional utility derived from the consumption of one extra unit of a good.  Ã‚  From the above chart and table it is evident that total utility increases but at a decreasing rate, this is because there is a decline in the marginal utility or the additional utility gained from the consumption of one extra unit of a good.The utility theory is based on a number of assumptions and they include the following: I. Consumers aim at maximising their utility level. Consumers will prefer more of a good than less. When we have good Y and X the consumer will prefer X to Y or Y to X.IV. If the consumer prefers Y to X, and that he or she prefers X to K then the customer prefers Y to K.V. The consumers experience diminishing marginal utility when the number of units of a good increases  The number of units of goods consumed will be determined by the level of income, the level of income will determine the maximum number of units that can be purchased and therefore this aids in the development of a budget line. The opportunity cost will also determine the number of units consumed of a good, and finally, the number of units consumed will be determined by the level of utility derived. (Neumann, J, 2000)Given two goods Y and X and given that the price of X = 10 and price of Y = 15, also given that the level of income is 150 then the budget line will be determined as follows.