1. Russia After Communism
... the ruble increased through the years. Russia was forced to declare a debt default and the government placed a moratorium on all payments. In the decade leading to 2001, the GDP fell 39% (See Appendix A). Most of Russia's emerging problems were due to economic inequality, which was supported by privatization. Yeltsin introduced the shares-for-loans program which was meant to sell off ... financial responsibility by the Soviet leaders devoting as much as 17% of GDP to military spending.19 However despite these prerequisites, the actual collapse and lack of leadership was the spark leadin...
- Word Count: 1763
- Approx Pages: 7
- Has Bibliography
- Grade Level: High School