INTER WAR YEARS 1919 TO 1939
COLLAPSE OF THE SOVIET UNION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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building the Berlin Wall
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building the iron curtain
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the Cold War
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the collapse of the Soviet Union
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Detailed explanation-1: -As Daniel Yergin notes, the Soviet economy in its final decades was “heavily dependent on vast natural resources–oil and gas in particular". World oil prices collapsed in 1986, putting heavy pressure on the economy.
Detailed explanation-2: -The decline of the Soviet economy is sometimes explained by exoge-nous shocks, like the troubles in the oil industry, the coal strike in the first quarter of 1990, the collapse of trade with Eastern Europe following its liberation, the plant shutdowns for environmental reasons, and the regional frictions in the USSR.
Detailed explanation-3: -Many historians believe that the two policies he put in place to address the nation’s challenges, glasnost (“openness”) and perestroika (“restructuring”), hastened the dissolution of the Soviet system, which was already in decline.