The phrase "balance of terror" is usually, but not invariably,Rich Miller, Simon Kennedy
'G-20 Plans to End 'Financial Balance of Terror' After Summit,'

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...

27 February 2009. used in reference to the

nuclear arms race The nuclear arms race was an arms race competition for supremacy in nuclear warfare between the United States, the Soviet Union, and their respective allies during the Cold War. During this same period, in addition to the American and Soviet nuc ...

between the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

during the

Cold War The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because the ...

. It describes the tenuous peace that existed between the two countries as a result of both governments being terrified at the prospect of a world-destroying nuclear war. The term is usually used for rhetorical purposes, and was probably coined by Lester Pearson in June 1955 at the 10th anniversary of the signing of the

UN Charter The Charter of the United Nations (UN) is the foundational treaty of the UN, an intergovernmental organization. It establishes the purposes, governing structure, and overall framework of the UN system, including its six principal organs: the ...

: "the balance of terror has succeeded the balance of power". Some political scientists use this phrase as a means of differentiating the world situation that followed

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

from that which preceded it. Previously,

empire An empire is a "political unit" made up of several territories and peoples, "usually created by conquest, and divided between a dominant center and subordinate peripheries". The center of the empire (sometimes referred to as the metropole) ex ...

s had prevented war between each other by maintaining a relative balance of their ability (economic, military, and political) to wage war against each other—the phrase " balance of power" was often used to describe this kind of tentative peace. The

atomic bomb A nuclear weapon is an explosive device that derives its destructive force from nuclear reactions, either fission (fission bomb) or a combination of fission and fusion reactions (thermonuclear bomb), producing a nuclear explosion. Both bomb ...

created a new political reality, in which two

superpower A superpower is a state with a dominant position characterized by its extensive ability to exert influence or project power on a global scale. This is done through the combined means of economic, military, technological, political and cultural s ...

s had the ability to destroy each other and at least gravely damage all of human civilization. The obstacle to war between the

communists Communism (from Latin la, communis, lit=common, universal, label=none) is a far-left sociopolitical, philosophical, and economic ideology and current within the socialist movement whose goal is the establishment of a communist society, a so ...

and capitalists was no longer the fear that the other side was more powerful, but rather the realization that nuclear arsenals were now large enough and deadly enough that winning would still likely result in the destruction of one's own country and perhaps the rest of the world as well. In this counterintuitive way, the existence of the most powerful weapons ever created actually supported a kind of peace: while many wars were fought around the world during the Cold War, the superpowers never fought each other directly, nor have atomic bombs been dropped in war since the atomic bombing of Nagasaki in 1945.

Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pre ...

, after the financial meltdown of 2008, adopted the term as appropriate for the situation of a 'financial balance of terror' in global markets.

Uses

John F. Kennedy John Fitzgerald Kennedy (May 29, 1917 – November 22, 1963), often referred to by his initials JFK and the nickname Jack, was an American politician who served as the 35th president of the United States from 1961 until his assassination ...

used the phrase in his 1961

inaugural address In government and politics, inauguration is the process of swearing a person into office and thus making that person the incumbent. Such an inauguration commonly occurs through a formal ceremony A ceremony (, ) is a unified ritualistic event ...

in which he described the United States and the Soviet Union were "both racing to alter that uncertain balance of terror that stays the hand of mankind's final war." *

Albert Wohlstetter Albert James Wohlstetter (December 19, 1913 – January 10, 1997) was an American political scientist noted for his influence on U.S. nuclear strategy during the Cold War. He and his wife Roberta Wohlstetter, an accomplished historian and intell ...

of the

RAND Corporation The RAND Corporation (from the phrase "research and development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed ...

wrote the paper "The Delicate Balance of Terror" in 1958.

References

Cold War terminology Deterrence theory during the Cold War 1950s neologisms {{ColdWar-stub

Uses

See also

References