History SL
History SL
5
Chapters
187
Notes
Case study 1: Japanese Expansion In East Asia 1931-41 (The Global War)
Case study 1: Japanese Expansion In East Asia 1931-41 (The Global War)
Case Study 2: German & Italian Expansion 1933-40 (The Global War)
Case Study 2: German & Italian Expansion 1933-40 (The Global War)
Part 1 - Rivalry, Mistrust & Accord (The Cold War)
Part 1 - Rivalry, Mistrust & Accord (The Cold War)
Part 2 - Leaders & Nations (The Cold War)
Part 2 - Leaders & Nations (The Cold War)
Part 3 - Cold War Crises (The Cold War)
Part 3 - Cold War Crises (The Cold War)
IB Resources
Part 1 - Rivalry, Mistrust & Accord (The Cold War)
History SL
History SL

Part 1 - Rivalry, Mistrust & Accord (The Cold War)

The Hidden Economic Crisis That Toppled The Soviet Union: A Deep Diver

Word Count Emoji
648 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited on 5th Nov 2024

Table of content

Hello future historians! 🌟 Strap in because we're diving into the fascinating tale of how the Soviet economy played a role in ending the Cold War.

Key Concepts 🗝️

  • GDP (Gross Domestic Product): The total value of all goods and services produced in a country. Think of it like a country's "report card"!
  • Command Economy: The government makes ALL economic decisions. Yep, no free markets here!
  • Perestroika: Russian for "restructuring." Gorbachev’s policy aimed to reform the economy.
  • Glasnost: Russian for "openness." Gorbachev’s policy for more open governance and discussion.
  • Détente: Easing of hostilities between countries, kinda like two angry siblings deciding not to fight for a bit.

The Brezhnev Era - Big Spender, Big Problems 💸

Military Spending 🎯

  • 25% of GDP: What the USSR spent on the military.
  • 4-6% of GDP: What the USA spent.

Real-world example: Imagine if you spent 25% of your allowance or part-time job money just on video game loot boxes. You wouldn't have much left for other essentials, would you?

 

Foreign Ventures 💥

  • Africa, Afghanistan, Cuba, and Vietnam: These places drained the USSR's wallet.
  • $4 billion to Cuba 🇨🇺, $6 billion to Vietnam 🇻🇳, and $3 billion worth of oil subsidies to Warsaw Pact members!

Brezhnev’s Economy - Stuck in the Past 🔄

Stagnation 😴

  • Lack of investment in consumer goods and domestic economy.
  • Still used the command economy of Stalin's era.

Social Problems 👥

  • High poverty in agricultural sectors.
  • Low work morale, high absenteeism, and chronic alcoholism.

Real-world example: Think of using a Windows 95 computer in a world of Windows 11. You're gonna be left behind!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of History SL. Subscribe now and get closer to that 45 🌟

Nail IB's App Icon
IB Resources
Part 1 - Rivalry, Mistrust & Accord (The Cold War)
History SL
History SL

Part 1 - Rivalry, Mistrust & Accord (The Cold War)

The Hidden Economic Crisis That Toppled The Soviet Union: A Deep Diver

Word Count Emoji
648 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited on 5th Nov 2024

Table of content

Hello future historians! 🌟 Strap in because we're diving into the fascinating tale of how the Soviet economy played a role in ending the Cold War.

Key Concepts 🗝️

  • GDP (Gross Domestic Product): The total value of all goods and services produced in a country. Think of it like a country's "report card"!
  • Command Economy: The government makes ALL economic decisions. Yep, no free markets here!
  • Perestroika: Russian for "restructuring." Gorbachev’s policy aimed to reform the economy.
  • Glasnost: Russian for "openness." Gorbachev’s policy for more open governance and discussion.
  • Détente: Easing of hostilities between countries, kinda like two angry siblings deciding not to fight for a bit.

The Brezhnev Era - Big Spender, Big Problems 💸

Military Spending 🎯

  • 25% of GDP: What the USSR spent on the military.
  • 4-6% of GDP: What the USA spent.

Real-world example: Imagine if you spent 25% of your allowance or part-time job money just on video game loot boxes. You wouldn't have much left for other essentials, would you?

 

Foreign Ventures 💥

  • Africa, Afghanistan, Cuba, and Vietnam: These places drained the USSR's wallet.
  • $4 billion to Cuba 🇨🇺, $6 billion to Vietnam 🇻🇳, and $3 billion worth of oil subsidies to Warsaw Pact members!

Brezhnev’s Economy - Stuck in the Past 🔄

Stagnation 😴

  • Lack of investment in consumer goods and domestic economy.
  • Still used the command economy of Stalin's era.

Social Problems 👥

  • High poverty in agricultural sectors.
  • Low work morale, high absenteeism, and chronic alcoholism.

Real-world example: Think of using a Windows 95 computer in a world of Windows 11. You're gonna be left behind!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of History SL. Subscribe now and get closer to that 45 🌟

AI Assist

Expand

AI Avatar
Hello there,
how can I help you today?