1. Russia After Communism
... establish macroeconomic stabilization and economic restructuring. Yeltsin introduced a free-market economy and a new spending plan that cut government spending and was intended to shrink inflation by as much as 12%. In 1992-1993, the government began to print money and lend credit at a rapid pace. Along with the liberalization of prices parallel to privatization, this action caused hyperinflation, increasing the money supply ... experienced immense cultural shock. Due to a lack of stable jurisdiction and law enforcement, people began using unfair economic manipulation (financial pyramid...
- Word Count: 1763
- Approx Pages: 7
- Has Bibliography
- Grade Level: High School