The Economic Collapse of the USSR The last days of an empire By Carlos Diaz and Hayk Melkumyan

The Union of Soviet Socialist Republics (CCCP)

Historical Background The October Revolution and the New Economic Policy. The Centralized Booming of the Soviet Economy:1940’s to 1960’s. The Settings for a Collapse: 1970’s-1980’s Gorbachev and the Perestroika. Russia in the 1990’s: Free Market and the Mafyia.

The October Revolution And the New Economic Policy The Bolshevik Revolution. The Civil War Lenin’s New Economic Policy: private ownership in a small scale. Stalin’s Five Year Plan: Centralized Economy.

The Centralized Booming of the Soviet Economy:1940’s to 1960’s. The Coming of the Central Market: the Collective Farm and the State Farm. The Great Famine ( ). WWII ( The Great War). Economic Recovery The Cold War

The USSR as a Nuclear Power The Race for the Cosmos (Space Race, Gagarin, Belka / Strelka) Kruschev’s Policies Struggle for world domination during. Policy of Detente

The Settings for a Collapse: 1970’s-1980’s Oil Crisis Afghanistan NEP fails Chernobyl Nuclear Plant

Communism and Classical Socialism Marx’s Communism Classical Socialism The Power and the Government Role of Property

The Transition Begins The Reason for Changes Gorbachev’s Glasnost and Perestroyka Hungary and Poland 1989 Trying to create Liberal Economic and Democratic Political Institutions at the same time.

Political Institutions in Transition From Authoritarianism to Democratic Regime The Rule of Law Corruption Central European Countries China, Laos, Vietnam, North Korea, Cuba

Economic Institutions in Transition Privatization –Voucher Privatization –Direct Sales Marketization –Getting Rid of Central Planning –Gradualism –Shock Therapy

Evaluating the Transition Nomenklatura Oligarchs Poland, Czech Republic, Hungary

The End And The Outcome