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Explain the effects of the Cold War.

Answer
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Hint: The cold war was a period of geopolitical tension that happened after World War II in the year 1945, between two powerful allies of the Soviet Union with its Eastern bloc and the United States with its Western bloc. Both sides had different ideologies, ways of thinking, the economy, etc.

Complete Answer:
During the Cold War era, the western bloc was led by the United States as well as the other first-world nations who were generally liberal democratic but also tied to a network of authoritarian states.
On the other hand, the Eastern bloc was led by the Soviet Union and its Communist Party, which had its support from the second world nations.
Some of the effects of the emergence of the cold war were that it became a growing concern for world peace and as a direct or indirect consequence, numerous people suffered great misfortunes. The cold war also impacted many nation-states and targeted them in their economic as well as social life with instances such as a decline in the military-industrial sector leaving millions of workers unemployed. Russia had undergone a financial crisis with its impact much worse than the recession of the United States or the great depression of Germany as it underwent several economic reformations during the year 1990. Many soldiers had lost their lives during the cold war period especially in the superpowers proxy wars around the globe most notably in Southeast Asia but the problems of refugees and disagreement among world leaders which was affected by the war declined after the post-cold war years.

Note: The hostility between the two powerful nations continued for the next 45 years and it continued on with diplomatic wars such as spying, propaganda, economic and military assistance. Russia suffered financial loss. Moreover, people across the world suffered a lot.