During the Cold War the United States and the Soviet Union became engaged in a nuclear arms race. They both spent billions and billions of dollars trying to build up huge stockpiles of nuclear weapons. Near the end of the Cold War the Soviet Union was spending around 27% of its total gross national product on the military. This was crippling to their economy and helped to bring an end to the Cold War.
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During the Cold War the United States and the Soviet Union engaged a competition to see who had the best technology in space. This included such events as who could put the first manned spacecraft into orbit and who would be the first to walk on the Moon. The Space Race was considered important because it showed the world which country had the best science, technology, and economic system.
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The Cuban Missile Crisis occurred in 1962 when the Soviet Union began to install nuclear missiles in Cuba. The United States refused to allow this and, after thirteen tense days and many secret negotiations, the Soviet Union agreed to remove the missiles. This is perhaps the closest that the United States and the Soviet Union came to nuclear war during the Cold war.
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