Post-Communist Russia

The end of socialism and the Soviet Union was the prominent political event in the 90’s, and was one of the most important of the 20th century. The results of this event were different for each country, America and her allies felt relief due to the long and arduous cold war, while the former communist countries of Europe were in upheaval. As the leader of the Soviet Union Russia was the country that suffered the most, particularly with their economy. This was due to their supporting the rising communist nations with weapons and supplies.
Russia’s government has a long history of communism, having adopted the communist regime in 1917. This made it difficult for Russia to cope with the downfall of the Soviet Union, and this was made worse by their trying to create a free market economy from the remnants of the Soviet Union.

Up until the year 2000 Russia still hadn’t created or maintained an economy or even an effective system of governing. The fall of communism had created a socioeconomic crisis on a scale with few parallels in the modern history. It can be compared to the Russian revolution and subsequent introduction of communism of 1917 and the great Wall Street crash in the 1930’s. There are seven different aspects of this socioeconomic crisis which tell how Russia fared with the fall of communism; are the economy, Russian agriculture, the military, Health care, the politicians involved, and Russian foreign relations.

Russia's economy sank into deep depression by the mid-1990s. There are several reasons for this, the main one being that America Bought out Russian companies and resources, soon becoming the highest owed money lender to the Russians. The Russians had no money to spend on any aspect of government, so with American encouragement, they decided to introduce some major reforms to their economy. The Russians had to complete the extremely difficult task of economic democratization. The soviet collapse caused Russia to suffer from a sharp increase in...