![]() Decentralized market behavior, rather than centralized government decision-making, determines the allocation of goods through society. Capitalism, Capitalist, CapitalistsA socioeconomic system in which property and the means of production are owned by private citizens or corporations rather than by the state. BrinksmanshipThe practice of pushing a conflict to the brink of disaster in order to force an opponent to relent. Early in 1945, the "Big Three" met in the Soviet seaside resort town of Yalta to negotiate agreements for the postwar world order by the time of the next major international conference, held at Postdam, Germany, five months later, Roosevelt was dead and Churchill had been voted out of office, leaving Stalin the only original member of a new "Big Three" that also included British Prime Minister Clement Attlee and American President Harry S. Roosevelt of the United States, and Premier Joseph Stalin of the Soviet Union. ![]() The Big Three, Big ThreeA nickname for the leaders of the three major Allied powers of World War II-Prime Minister Winston Churchill of Great Britain, President Franklin D. The most important Axis powers were Nazi Germany, Imperial Japan, and Fascist Italy. AxisThe nations that fought against the Allies during World War II. Autocrat, AutocratsAn absolute ruler or dictator. Arms RaceA competition between rival nations to achieve superiority in military weaponry.
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