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p. 122. The Soviet planned economylocked

  • Richard Connolly


‘The Soviet planned economy’ details the economic, political, and human consequences of the Soviet Union’s fully centralized economic planning. This bold experiment enabled rapid industrialization and urbanization, helped to defeat Nazi Germany, and defined the Soviet Union as one of only two military superpowers. These developments came at a substantial human cost, from the millions who died during the collectivization of farms to the victims of the Chernobyl meltdown. The discovery of oil in Siberia masked systemic problems in a stagnant infrastructure and rendered the socialist experiment dependent on the vagaries of Western markets. When the Soviet Union collapsed in 1991, many hoped for a better standard of life.

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