R, as a superpower, exerted tremendous political, military, and economic influence around the world. collapsed, resulting in the formation of 15 sovereign states, bringing about an end to the Cold War. The Russian Federation was the most developed of the formed nations. However, its internal state has deteriorated, causing tremendous socio-economic change in the new nation.
The focus of this investigation is to inquire about the extent to which the collapse of the Soviet Union impacted the socio-economic disintegration of the Russian Federation during its formation in the early 1990's. Both aspects are closely intertwined together along with the anthropological development of the nation. In order to research the economic impacts, I will be looking at the country's financial state in terms of nominal GDP, value of the ruble currency (with levels of hyperinflation), and the distribution of wealth among the population. As for social changes, I will examine evidence such as rates of corruption, crime, and other social statistics that may suggest the collapse of principles which have been emphasized for preceding centuries in the Russian culture.
B. Summary of Evidence.
On December 25th of 1991, the Soviet Union officially fell apart under the leadership of Boris Yeltsin, a newly elected President after a fail coup d'etat, after which Gorbachev resigned. This caused tremendous economic and social shifts in ideology. Industries, military, and ethnic groups that were once an intertwined network under the Soviet Union were shattered in one of the greatest economic crises of history. .
With the reform of all structures, Yeltsin attempted to transform a centrally planned economy to a capitalist order. Two fundamental goals were to 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%.
