1. Free Market Reform in Russia
When the Russian government took control of the USSR in 1991, communist party members lost all legal status. ... Government employees would go weeks, even months, before being paid. ... This crisis should have made the government realize that in order to control inflation they would have to get rid of the rouble, but it didn't (Russia's, 1994). ... In 1998, with the crash of the stock market, the Russians devalued the ruble and no longer made payments on its government debt (U.S., 1998). ... The blame of this crisis goes on government policies. ...
- Word Count: 2646
- Approx Pages: 11
- Has Bibliography
- Grade Level: High School