Cold War Military Spending

During the Cold War (roughly 1947-1991), military spending increased significantly, primarily between the United States and the Soviet Union. Both nations aimed to deter each other from potential conflict by building large arsenals of nuclear weapons, advanced technology, and expansive military forces. This arms race was marked by immense budgets allocated to research, development, and procurement of weaponry. The focus was on demonstrating military power to gain political influence globally, leading to heightened tensions and proxy wars, all while fostering an atmosphere of competition and fear that defined international relations during this period.