Sustaining Leadership

Abstract

This chapter argues that Washington maintained its position of global leadership in the second half of the 1950s, keeping alive prospects for growth of the American Century. Challenges were many, including the Soviet launch of Sputnik in 1957, the lure of trade with the People’s Republic of China, and instability in the Middle East and Indochina. In the Western Hemisphere, the rise of Fidel Castro in Cuba shook American prestige. Responses resulted in an arms race with the USSR and a greater U.S. strategic presence from Indochina to Pakistan and Lebanon. Importantly, economic aid to the Third World via the World Bank, Development Loan Fund, and Inter-American Development Bank drew on the tenets of modernization theory.