jul 3, 1987 - Gorbachev announces his policies of - Perestoika - Glastnost

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After taking the helm of Soviet leadership at a time of economical need, Gorbachev identified the need to restructure soviet domestic policies. In turn, he introduced Perestoika (Economic/Political reform) and Glastnost (openness, to foreign economies). These policies were optimistic towards creating a social democracy, which would drive the economy forward.

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