HIST 2510 Lecture Notes - Lecture 20: Economy Of The Soviet Union, Mikhail Gorbachev, Planned Economy

• School: University of Guelph
• Department: History
• Course: HIST 2510
• Professor: Joseph De Sapio

Document Summary

Lecture europe and the end of the cold war. End of cold war happens very fast soviet economy becomes inefficient. People start protesting due to gorbachev"s policies, cold war ends with end of soviet union. 1970s not a good time for all economies, but western economies cope far better than soviet. Decline in military and agricultural conditions, have to rely on food imports from west . Russia one of best places to grow food on planet, but there is mismanagement and lack of fertile ground. By late 1980s, military consuming roughly 25% of budget huge. One in five russians works in some way to support the military military overrepresented. Economy cannot respond quickly enough, military is draining resources. Invade afghanistan in 1979, try to secure soviet interest as afghanistan plunges into civil war, ends 1989 nation. Gorbachev comes to power in 1985, realizes the limit on economic power to sustain the.