Russia | Chapter 1 Preface

When Russia emerged from the collapse of the Soviet Union and communism in 1991, many people predicted a bright future for the nation. Instead, the Russian people have endured numerous hardships as the nation has attempted to transform itself from a dictatorship into a democracy and from a command economy to a market economy. Russia’s gross domestic product (GDP) contracted by almost 50 percent during the 1990s. The savings of many people were wiped out by inflation and currency troubles, including a monetary crisis and devaluation of the ruble in August 1998. Sixty million...

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