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The dissolution of the Soviet Union in 1991 ended the Cold War and reshaped global politics. Economic stagnation, costly arms races, and political reforms like 'glasnost' and 'perestroika' led to its collapse. The emergence of nationalist movements within the republics and the failed August coup accelerated the disintegration. The aftermath saw the rise of oligarchs in Russia and the spread of democracy and market economies in Eastern Europe.
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The Soviet Union's command economy and heavy military spending contributed to economic stagnation and inefficiencies
Widespread shortages of consumer goods led to public dissatisfaction
The costly arms race with the United States drained the Soviet economy
The Soviet Union's political system was characterized by centralized control and lack of transparency
Glasnost and Perestroika
Mikhail Gorbachev's reforms of glasnost and perestroika aimed to modernize the Soviet system but also weakened the central government's control
Nationalist Movements
Nationalist movements within the Soviet republics gained strength and challenged the unity of the USSR
Events such as the Vilnius massacre and a failed coup attempt eroded the legitimacy of the Soviet government and led to its dissolution in 1991
The collapse of the Soviet Union led to a reconfiguration of global power, with the United States emerging as the sole superpower
The shift away from communism and towards democratic governance and market economies influenced the political and economic systems of the newly independent states
The transition to market economies led to economic crises and the concentration of wealth and power in the hands of a small group of businessmen known as oligarchs
The legacy of the Soviet Union's collapse continues to shape geopolitical tensions and the political system of Russia, which has evolved into a form of centralized governance under President Vladimir Putin