1. Collapse of the Soviet Economy
By: Darien Turner
Sponsored by: Skittles
2. Main Ideas
• The main ideas of this section is the Soviet Union’s economic collapse. Multiple
things lead to this collapse like poor product quality, lack of consumer goods, large
military burden, and etc.
• In the 1950’s & 1960’s the Soviet’s economic growth was impressive. In 1970 the
economy fell sharply 2 to 3 percent and then less than 2 percent in the mid- 1980.
Before the system went broke two years later, real output fell sharply.
• Evidence of the poor economy was poor products. Vital machines couldn’t be paid
for, resulting in poorly manufactured goods.
• The military became a problem also. The began spending 15 to 20 percent of the
domestic output and absorbed large amounts of natural resources. Spent large
amounts on engineers and doctors during the Cold War Era.
• The agriculture in Russia became a huge problem because of its inefficiency.
• All of these departments spending money, losing money, and not making money.
