Case study - Fall of USSR Flashcards
1
Q
How did the USSR become so powerful?
A
- large amount of money spent on military + space race = presence across globe due to huge military
- USSR large labour workforce
- 1945 fastest growing economy in world at time
- allies across East E
2
Q
Why did USSR collapse?
A
- poor economy stagnated and declining = huge money spent on space + arms race
- led to riots/demonstrations across USSR
- 1985 glasnost + perestroika create problems = reform to economy to late and people challenged CP
3
Q
Why has state of Russia become powerful again?
A
- Russia has word’s largest known reserves of natural gas + 2nd largest oil producer = 60% of Russia’s exports in 2007 = fund Russia recovery
- loans from IMF = prevent eco collapse during 1990s
- Huge development in China + India led to rapid demand for energy = importing energy resources from Russia