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Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?
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Feb 28, 2017
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Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?
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The main reason why a severe downturn in oil prices during the early '80s was detrimental to the Soviet economy is because Russia was one of the world's leading exporters of oil in the world--meaning that when prices dropped, so did their GDP.
Will Mason
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Mar 4, 2017
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