Encyclopedia > History of the United States (1964 1980)
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The UnitedState's late entry in the First World War on the side of the Allied Powers shifted the balance of the war, and made the UnitedStates a major military as well as financial power.
The post-war era in the UnitedStates was defined internationally by the beginning of the Cold War, where the UnitedStates and the Soviet Union attempted to expand their influence at the expense of the other, checked by each side's massive nuclear arsenal.
Although the UnitedStates deficit rapidly expanded, the Eastern Bloc began to unravel under increasing economic strain, finally and dramatically collapsing during the administration of President George H.W. Bush.