Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?

Question

asked Aug 9, 2016 165k views

2 Answers

Figueroa · Answer 1 · 2016-08-13T04:54:07+0000

The main reason why a severe downturn in oil prices during the early '80s was detrimental to the Soviet economy is because the Soviets depended greatly on the export of oil for their economy to strive--meaning that when prices fell so did their GDP.

Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Categories

Other Questions