1 janv. 1989 - USSR economic recession

Description:

- East European countries as economic burdens of the USSR
- Supporting its poorer Eastern European allies
- Annual subsidy in oil prices amounted to US$3 billion of the Soviet budget
-Afghan war was taking a huge economic toll on the
- USSR and its allies couldn’t afford to help offset the cost

Resources was directed to weapons production during the Cold War

- Fewer resources were devoted to producing consumer goods
- The Soviet economy could not afford to keep up with an arms race and produce weapons and at the same time provide for its people

-The lives of the people in the Soviet Union were in stark contrast with those of Western Europe and the USA

Link:
- Increasingly weakened by its declining economy
- Made worse when it tried to catch up with the USA in Arms Race

Ajouté au bande de temps:

Date: