collaspse of the soviet union
The main reason for the decline, and ultimate collapse, of the Soviet Union was the failure of the economic system. The need to improve economic performance led to wide-ranging changes in the economy and politics. The failure of the economic system was due to inherent weaknesses that were escalated by external factors. In particular the Cold War (1945-1989) led to enormous spending on the arms race and the space race. This hastened the demise of the Soviet Union.The collapse of the USSR came from the poor performance of the country’s economy. Unlike the western democratic nations with free markets, the Soviet Union operated an economy that was completely centralized. The State Planning Committee (GOSPLAN) set quotas to farmers and manufacturers telling than what to produce. This stopped the market mechanism of changing prices determining demand, thus supply. Workers in most areas of production were required to meet huge output objectives. There was very little incentive and few rewards for these workers. The system was inefficient because without private ownership there were no profits to encourage business to work better or faster. Workers would go home
Some topics in this essay:
Soviet Union, Volstead Act, Criticism Gorbachev, Soviet Union’s, Cold War, Committee GOSPLAN, Countries Gorbachev, Product GDP, Boris Yeltsin, Prime Minister, soviet union, cold war, arms race, economic system, soviet economy, war afghanistan, west germany, political system, collapse soviet union, demise soviet union, soviet empire, spent arms race, extremely expensive, east west germany, failure economic system,
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Approximate Word count = 1987
Approximate Pages = 8 (250 words per page double spaced)
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