Transition to a Market Economy (Edexcel A-Level History): Flashcards

📚Flashcards
Transition to a Market Economy
Sign up to keep revising.Create a free account to study more flashcards and track your progress.

Practise the cards

10 cards from this deck

Show

GDP in Twelfth Five-Year Plan (1986-90)

Contracted 4% - worst in Soviet history

When Gorbachev removed subsidies on basic goods

April 1990

Gorbachev support: Dec 1989 to Nov 1990

Dropped from 52% to 21%

500 Day Programme creators

Shatalin & Iavlinskii

500 Day Programme publication month & year

August 1990

Major reform introduced January 1991

Private property rights

Major reform introduced April 1991

Trading of stocks and shares

Soviet government status by summer 1991

Effectively bankrupt

McCauley: why economic reform failed

Political causes, not economic

Countries that reformed successfully under Communist rule

China and Vietnam

Join 100,000+ A-Level students studying Flashcards with us.

Select your subjects, and get access to A+ resources today.