The Fall of Communism
- The people of the Soviet Union were becoming restless towards the government and demanding a change in government.
- On October 25th 1991, Gorbachev announced that the countries governed under the USSR were going to become independent.
- After the fall of communism, the people were allowed more economic freedom.
- Countries involved were: Germany, Czechoslovakia, Hungary, Yugoslavia, Albania, Bulgaria, Romania, Poland and Russia.
Ebb & Flow of Liberal Economic
Following the fall of communism there was an increase in economic freedom. Privatization and competition became factors that helped the economy. This made more of a capitalist society changing from a radical to reactionary economy.