The Fall of the Soviet Union: Why the Superpower Collapsed — Fexingo History

The Last Soviet Ruble: Currency Collapse and the End of an Empire

5 min · 25. juni 2026
episode The Last Soviet Ruble: Currency Collapse and the End of an Empire cover

Beskrivelse

In this episode of The Fall of the Soviet Union, Lucas and Luna explore the collapse of the Soviet ruble — the currency that mirrored the empire's final agonies. They trace the ruble's journey from a symbol of state power to a worthless scrap of paper, examining hyperinflation, the 1991 Pavlovian confiscation, the rise of barter and the black market, and the tragicomic moment when a loaf of bread cost more than a Soviet salary. Along the way, they meet the forgotten economist Grigory Yavlinsky, who proposed a '500 Days' plan to save the economy, and learn how the Central Bank of Russia printed rubles faster than workers could spend them. This is a story of numbers, but also of human desperation — the pensioners who watched their life savings evaporate, the factory workers paid in wheelbarrows of cash, and the new rich who bought state assets for a song. It is also a story of the ruble's afterlife: how it still circulates in unrecognized republics and souvenir shops, a ghost currency of a vanished world. The episode includes a brief listener-support appeal tied to the theme of value and devaluation. #SovietRuble #Hyperinflation #GrigoryYavlinsky #500DaysPlan #PavlovReform #CentralBankOfRussia #BarterEconomy #BlackMarket #1991SovietUnion #EconomicCollapse #MikhailGorbachev #BorisYeltsin #Gosbank #NewRussians #Privatization #History #FexingoHistory #EasternEurope Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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Alle episoder

152 episoder

episode The Last Soviet Railroad: How the BAM Shaped the USSR's Collapse cover

The Last Soviet Railroad: How the BAM Shaped the USSR's Collapse

In this episode of The Fall of the Soviet Union, Lucas and Luna explore the Baikal-Amur Mainline (BAM), the colossal railway project that became a symbol of Soviet ambition and its unraveling. Built by Komsomol volunteers, gulag prisoners, and soldiers, the BAM stretched 4,300 kilometers through Siberian permafrost, swallowing billions of rubles. But by the 1980s, the line was crumbling—track settling into thawing ice, bridges rusting, trains crawling at 15 km/h. Lucas unpacks how the BAM's construction mirrored the USSR's systemic inefficiencies: forced labor, wasteful gigantism, and environmental damage. He tells the story of the Severomuysky Tunnel, the project's nightmare, where workers faced rock bursts, methane, and 40-degree temperatures. Luna asks about the human cost—poisoned rivers, displaced indigenous Evenki and Buryat herders, and the rise of shamanic resistance. They also discuss how BAM's collapse in the 1990s paralleled the empire's end, and how Vladimir Putin later revived the line as a strategic artery. A gripping look at infrastructure as imperial metaphor. #BAM #BaikalAmurMainline #SovietRailroad #SeveromuyskyTunnel #Komsomol #Gulag #Evenki #Buryat #Siberia #Perestroika #Gorbachev #Collapse #FexingoHistory #History #SovietUnion #Infrastructure #Railway #SovietEra Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går4 min
episode The Last Soviet Envoy: How Shevardnadze Bet on the End cover

The Last Soviet Envoy: How Shevardnadze Bet on the End

In this episode, Lucas and Luna explore the role of Eduard Shevardnadze, Mikhail Gorbachev's foreign minister, whose relentless push for disarmament and withdrawal from Eastern Europe ultimately dismantled the Soviet empire from within. They trace his journey from a Soviet loyalist in the Georgian KGB to a key architect of the end of the Cold War. The conversation covers the Shevardnadze-Gorbachev partnership, the 'New Thinking' doctrine, the decision not to intervene in the 1989 revolutions, the fall of the Berlin Wall, the reunification of Germany against Soviet hardliner opposition, and Shevardnadze's dramatic resignation in December 1990 warning of impending dictatorship. They also touch on his later role in Georgia's Rose Revolution. This episode reveals how one man's decision to abandon empire helped seal the USSR's fate. #Shevardnadze #Gorbachev #Perestroika #NewThinking #ColdWar #EasternEurope #BerlinWall #GermanReunification #SovietForeignPolicy #Resignation #RoseRevolution #Georgia #WarsawPact #Disarmament #Glasnost #History #FexingoHistory #USSR Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går7 min
episode The Last Soviet Coup: How the GKChP Tried to Save an Empire cover

The Last Soviet Coup: How the GKChP Tried to Save an Empire

August 1991. The Soviet President is on vacation in Crimea when a shadowy committee of hardliners—the GKChP—declares a state of emergency and sends tanks into Moscow. In this episode, Lucas and Luna revisit the three days that sealed the USSR's fate. They walk through the coup's clumsy execution: the bewildering 'Fairy Tale' press conference, Boris Yeltsin's tank-top defiance, the nervous soldiers who refused to fire. They explore why the plotters—Kryuchkov, Yazov, Pavlov—thought they could freeze history, and how Gorbachev's wiretapped phone calls revealed his isolation. They also examine the quieter drama: the Leningrad mayor's resistance, the Baltic republics' pivot to independence, and the moment the world realized the Soviet military would not shoot its own people. This is the story of a coup that wasn't a coup, a last gasp that became a death rattle. #GKChP #AugustCoup #SovietCollapse #Moscow #BorisYeltsin #MikhailGorbachev #SovietUnion #Perestroika #Glasnost #ColdWar #WhiteHouseMoscow #VladimirKryuchkov #DmitryYazov #ValentinPavlov #AlexanderRutskoi #Leningrad #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

10. juli 20266 min
episode The Last Soviet Vote: How a Referendum Doomed the Union cover

The Last Soviet Vote: How a Referendum Doomed the Union

In March 1991, Mikhail Gorbachev called a nationwide referendum on preserving the Soviet Union. Over 76% of voters said 'yes' — yet less than nine months later, the USSR ceased to exist. This episode unpacks the contradiction: how a democratic mandate for unity became the legal and moral wedge that tore the country apart. Lucas and Luna explore the mechanics of the March 17, 1991 referendum, the six republics that boycotted it, and the competing 'yes' on Yeltsin's Russian presidency that fundamentally changed the question. They trace how the referendum's ambiguous wording allowed both unionists and nationalists to claim victory, how the results were weaponized in the Novo-Ogaryovo negotiations, and how the August Coup shattered the fragile consensus the vote had built. The episode also looks at the lesser-known referendum in Ukraine on December 1, 1991, where over 90% voted for independence — including in heavily Russian-speaking regions. A story of how asking the wrong question at the right moment can change history. #SovietUnion #Referendum1991 #Gorbachev #Yeltsin #NovoOgaryovo #UkrainianIndependence #AugustCoup #Perestroika #Glasnost #USSR #RussianHistory #ColdWarHistory #MikhailGorbachev #BorisYeltsin #History #FexingoHistory #1991 #CollapseOfUSSR Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

10. juli 20267 min
episode The Last Soviet Wedding: Marriage at the Empire's End cover

The Last Soviet Wedding: Marriage at the Empire's End

In the final years of the USSR, the state-run wedding ceremony — the ZAGS — became a strange battleground between official ideology and private desire. This episode follows one couple, Natasha and Sergei, who married in Moscow in December 1991, just weeks before the Soviet flag was lowered. Their story illuminates how the crumbling system still controlled everyday rituals: the mandatory Palace of Weddings, the state-issued champagne, the Lenin corner in every reception hall. We explore the history of Soviet marriage law from the 1917 decrees that abolished church weddings to the 1969 family code that required two weeks' notice, blood tests, and a civil ceremony. We hear about the underground wedding trade — black market dresses, bribed officials, samizdat wedding cards. And we examine how the collapse of the Soviet economy turned even a simple marriage into a test of survival. Drawing on memoirs, oral histories, and rare archival footage of a 1991 ZAGS ceremony, this episode reveals the intimate side of an empire's last days. #SovietWeddings #ZAGS #Moscow1991 #NatashaAndSergei #SovietFamilyCode #LastSovietMarriage #Perestroika #Glasnost #SovietRituals #StateCeremony #WeddingBribery #Samizdat #LeninCorner #SovietChampagne #USSR #History #FexingoHistory #SovietLife Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

9. juli 20266 min