Tag Archive for collapse

“Mr. Gorbachev Tear Down This Wall”

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 […]

Welcome to the Party, Russia

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 […]