What was the immediate outcome of the fall of the Soviet Union?

The immediate outcome of the fall of the Soviet Union was the increase of the United States influence as a major global power. During the Cold War, the US and the Soviet Union were on different economic spectrums.

What was the immediate outcome of the fall of the Soviet Union?

The immediate outcome of the fall of the Soviet Union was the increase of the United States influence as a major global power. During the Cold War, the US and the Soviet Union were on different economic spectrums.

What is shock therapy was this the best way to make a transition from communism to capitalism?

The model of transition in Russia, central Asia and East Europe came to be known as shock therapy. However, shock therapy wasn’t the best way to transition from communism to capitalism because: It was a sudden and immediate change that uprooted the entire existing system and wrecked havoc over the economy of the state.

What caused the downfall of the Soviet Union quizlet?

A number of events and uprisings in the 1980 are led to the collapse of the Soviet Union. Last, in the Soviet Union, the failed August Coup in 1991 led to the end of the Communist party in USSR. All of these events led to the end of communism and the making of a democratic Russia.

What caused the fall of Soviet Union?

Gorbachev’s decision to allow elections with a multi-party system and create a presidency for the Soviet Union began a slow process of democratization that eventually destabilized Communist control and contributed to the collapse of the Soviet Union.

What is meant by shock therapy in post communist regime?

DEFINITION of ‘Shock Therapy’ A sudden and dramatic change in national economic policy that turns a state-controlled economy into a free-market one. Characteristics of shock therapy include the ending of price controls, the privatization of publicly-owned entities and trade liberalization.

Which two factors were most responsible for the fall of the Soviet Union and the end of the Cold War?

The fundamental factors that contributed to collapse, including economic stagnation and the overextension of the military, were rooted in Soviet policies, but the Cold War and the U.S. policy of containment played a role as well.

How was Soviet system full of loopholes?

Inspite of all perfection, the Soviet system was full of loopholes. The system was bureaucratic and over-centralised making life difficult for people. It stifled the initiative of people due to lack of democracy and absence of freedom of speech and expression.