1. Russain Currency Crash In August 1997
Reasons for Current Economy With the fall of the Berlin wall in 1989, and the end of the Cold War, the West was eager to support Russia and all of the former Eastern Block countries in the transition to Capitalism and democracy. ... They had a growing middle class and the needs of the poor were being met by a small but thriving volunteer sector. ... Since the crisis however, the economy has been shrinking, and the fledgling middle class has been devastated. ... The fledgling Russian middle class has essentially been destroyed during this process. ... There is no support in the Congress for fur...
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