PO SC 1040 Lecture Notes - Lecture 6: Free Trade, Fokker E.Ii, Vladimir Zhirinovsky

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4 Apr 2017
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How Did Russia Get There? (What Went Wrong?) – POSC 1040
1. Yeltsin Disappoints (1991 – 1999)
a. Context
a.i. Promotes democracy and free system
a.ii. Fell short
a.iii. Coup: August 1991
a.iv. Shock Therapy
a.iv.1. the sudden release of price and currency controls,
withdrawal of state subsidies, and immediate trade
liberalization within a country, usually also including large-
scale privatization of previously public-owned assets
b. Constitutional Crisis: 1994
b.i. Bombed building with parliament inside
c. 1996 elections
c.i. 5% thought he was doing a good job
c.ii. stable consolidated force or no?
c.iii. Alternative Candidate: Zhirinovsky
c.iv. Loans for shares
c.iv.1. People were given free shares in companies but were
unsure what to do with them so they sold them to men who
collectively took control of most of the shares of big
companies and became super rich
c.iv.2. What Yeltsin used to get re-elected
d. 1998 default
d.i. no such thing as a democracy
e. person issues (he was a drunk)
f. Resigns: January 1, 2000
f.i. He was very sick and it happened very suddenly
f.i.1. A lot of conspiracy theories are created about this
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