On June 12th of 1987 Ronald Reagan delivered his now famous speech in front of a large West German crowd near the Berlin wall. Officially, President Reagan was commemorating the 750th anniversary of Berlin. In reality, his speech harshly mocked the increasingly contradictory nature of the Soviet Union during the 1980′s. Soviet policies under Gorbachev had gradually […]
Tag Archive for collapse
Welcome to the Party, Russia
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When the Soviet Union collapsed in 1991, it had no concept of what a free market was (with the exception of the illegal black markets). However, when the Iron Curtain came crashing down, American companies were quick to enter the new market that contained millions of new potential customers. Gorbachev, who is often credited with […]
The Warsaw Pact: A Union No Longer
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The collapse of the Soviet Union was a long and complex process that included in a number of different reasons. Therefore, when the Warsaw Pact was dissolved in February 25, 1991 by the ministers of the countries involved in the Warsaw … Continue reading →
The Collapse of the Soviet Union
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The overspending on the Cold War and the inefficiency of the centrally planned economy for consumer goods had become insurmountable problems when the final General Secretary of the Soviet Communist Party, Mikhail Gorbachev took office in 1985. Gorbachev attempted to … Continue reading →