1. Collapse of Russian Capitalism
... was the Asian economic miracle', which in 1997 fell to its knees. Another was the peaceful integration of the former Stalinist states into the world market of capitalism. On August 17, 1998, Russia effectively defaulted. The Russian government devalued the rouble by a third, something that only three days previously, Yeltsin had vowed not to do. It imposed a 90-day moratorium on ... the slaughter in Chechnya. Ferguson further states that "Yeltsin's advisers saw bringing Chechnya to heel as an opportunity to restore the president's standing.""(2000). When Russia effectively defaulted on ...
- Word Count: 3517
- Approx Pages: 14
- Has Bibliography
- Grade Level: Undergraduate