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The Soviet Union collapsed due to

over investment in new technology
the falling price of oil
Vladimir had became the president
overproduction of agricultural products

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Collapse of the Soviet Union, sequence of events that led to the dissolution of the Soviet Union on December 31, 1991. The former superpower was replaced by 15 independent countries: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.

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