The document summarizes major global events and developments in the post-World War 2 period from 1945-1950. It discusses key events like the US dropping atomic bombs on Japan to end WWII, Indonesia declaring independence from the Netherlands after Japan's defeat sparking a 4-year war, and the UN placing an embargo on Spain for aiding Germany. It also summarizes the beginning of conflicts like the First Indochina War in Vietnam and Greek Civil War. The Cold War emerged as the world divided into capitalist and communist blocs led by the US and Soviet Union respectively. Decolonization accelerated as many Asian and African countries gained independence in this period.