russia Flashcards

1
Q

USSR covered…

A

central and NE Asia

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2
Q

why was it called union?

A

it brought together 15 different republics under one flag

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3
Q

state socialism:

A

everyone worked for state, everything owned by state

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4
Q

what was the first nation to put satellite in orbit and put an animal in space, send a bring back a man and then a women to space ?

A

Soviet union

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5
Q

Soviets put enormous amounts of political and military effort in getting which countries to adopt state socialism as their nations political and economic model?

A

Europe, Asia, and Latin America

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6
Q

Soviets wanted whole world to adopt… and the US wanted the whole world to adopt…

A
  • socialism

- capitalism

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7
Q

Cold war

A

Era of economic, political and military tension between soviet-union and its allies, and America and its allies

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8
Q

what caused the fall of soviet union in 1991

A
  • Massive military expenditures that drained state’s coffers
  • Huge state Bureaucracy that encouraged corruption and made soviet economy inefficient
  • Continual shortages of food and consumer goods
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9
Q

shock therapy:

A
  • Rapid privatization of state resources

- Removal of all price controls

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10
Q

Consequence of shock therapy:

A
  • Loss for ordinary Russians
  • Loss of savings
  • Loss of states safety net
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11
Q

Inflation:

A

overall rise in price of goods and services

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12
Q

Oligarchy:

A

small group of people who derive enormous political power from their extreme wealth

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13
Q

Expatriation of wealth:

A

to send acquired wealth to other countries instead of reinvesting it locally/domestically

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14
Q

Aral sea

A

a lake that used to be the 4th largest body of water

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15
Q

Aral sea attracts…

A

scientists from around the world that question how to restore fish populations if you are able to restore the lake

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16
Q

How has the world bank contributed to Aral sea?

A

provided international funding to help restore the region by building a dam to restore the northern tip of the aral sea

17
Q

capitalism

A

Political and economic system in which decisions about what any company produces, are made according to two principles:

  • Such decisions about what is produced and how they are produced are decisions that are made by those with ownership and control of the company’s capital
  • The decisions of what gets produced and how they are produced are made specifically with the goal of making profits