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

The Last Soviet Ruble: Hyperinflation That Killed a Superpower

6 min · 2. juni 2026
episode The Last Soviet Ruble: Hyperinflation That Killed a Superpower cover

Beskrivelse

In early 1991, the Soviet ruble began its final collapse. This episode follows the currency's death spiral through the eyes of Muscovite accountant Nina Petrova, who watched her life savings evaporate as prices rose 20% per week. We explore the State Bank's disastrous 1991 currency confiscation — the Pavlov Reform — that wiped out ordinary citizens' cash while failing to stabilize anything. Lucas and Luna unpack how the ruble's fall accelerated the Union's breakup: republics printing their own money, farmers hoarding grain instead of selling for worthless paper, and the rise of dollarization in Moscow's streets. Featuring the black-market exchange rates near the Arbat, the story of a ZIL factory worker paid in televisions instead of rubles, and the moment when the Soviet government admitted it could no longer control its own currency. A microhistory of macroeconomic collapse. #SovietUnion #Hyperinflation #Ruble #PavlovReform #NinaPetrova #Gosbank #StateBank #1991 #EconomicCollapse #Moscow #Arbat #ZIL #dollarization #Perestroika #Gorbachev #SovietEconomy #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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Alle episoder

122 episoder

episode The Last Soviet Sailor: Mutiny on the Storozhevoy cover

The Last Soviet Sailor: Mutiny on the Storozhevoy

In November 1975, a Soviet frigate called the Storozhevoy vanished from its Baltic Fleet anchorage. The captain, Valery Sablin, had decided that the only way to save the Soviet Union from corruption and stagnation was to sail his ship to Leningrad and broadcast a call for revolution over state radio. His crew — mostly young conscripts — had no idea where they were going. The KGB scrambled fighter jets, the Baltic Fleet mobilized every available vessel, and a chase unfolded across the Gulf of Finland at 30 knots. Inside the Politburo, the panic was real: if Sablin reached Leningrad and made his broadcast, the entire system could crack. The mutiny ended with Sablin executed by firing squad and the events scrubbed from the Soviet press — until glasnost allowed the truth to surface decades later. This episode tells the full story of the last Soviet naval mutiny, the man who led it, and how the Kremlin's response exposed the empire's deepest fears. #Storozhevoy #ValerySablin #SovietNavy #BalticFleet #Mutiny #ColdWar #KGB #Leningrad #BrezhnevEra #glasnost #perestroika #SovietUnion #NavalHistory #PoliticalDissent #History #FexingoHistory #EasternEurope #1975 Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

26. juni 20267 min
episode The Last Soviet Composer: Shostakovich's Final Symphony and the Empire's Silence cover

The Last Soviet Composer: Shostakovich's Final Symphony and the Empire's Silence

In this episode of The Fall of the Soviet Union, Lucas and Luna explore the final years of Dmitri Shostakovich, the Soviet Union's most celebrated composer. They discuss his fraught relationship with the state—from the denunciation in Pravda in 1936 to his forced membership in the Communist Party—and how his music became a coded chronicle of life under Stalin and beyond. The conversation focuses on his last major work, the Viola Sonata, composed in 1975 as he was dying and the Soviet project was still standing. Lucas unpacks how Shostakovich used musical ciphers (DSCH), quotes from his own earlier works, and revolutionary songs like 'Tormented by Grievous Bondage' to create a devastating commentary on suffering and survival. The episode also examines the 1979 testaments published in the West and the controversy over whether Shostakovich truly opposed the regime or was a loyal communist. Through the lens of one dying artist, the hosts illuminate the moral compromises that haunted the Soviet intelligentsia—and how art outlasts empire. #Shostakovich #SovietMusic #ViolaSonata #DSCH #PravdaDenunciation #StalinEra #ZhdanovDecree #Testament #SolomonVolkov #MusicalCipher #SovietIntelligentsia #ColdWarCulture #LastSovietComposer #Gorbachev #Perestroika #History #FexingoHistory #SovietUnion Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

26. juni 20268 min
episode The Last Soviet Ruble: Currency Collapse and the End of an Empire cover

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

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]

I går5 min
episode The Last Soviet Index: How the Price of Bread Brought Down an Empire cover

The Last Soviet Index: How the Price of Bread Brought Down an Empire

In 1990, the Soviet state raised the price of bread for the first time in decades. It was a desperate move by a government running out of cash and credibility. But the decision backfired catastrophically, fueling panic buying, empty shelves, and political outrage. In this episode, Lucas and Luna trace the story of that price hike — from the Goskomtsen planners who calculated it to the long queues that became a symbol of collapse. They explore the deeper crisis of the Soviet economic model: a system that had kept prices artificially low for so long that any adjustment felt like betrayal. Along the way, they encounter the shadow of the 1962 Novocherkassk massacre, the rise of the cooperative movement, and the strange paradox of a superpower that couldn't afford its own bread. #History #FexingoHistory #SovietUnion #Goskomtsen #PriceReform #Bread #Perestroika #Gorbachev #Pavlov #Novocherkassk #Queues #Shortages #EconomicCollapse #1990 #LastSoviet #EasternEurope #ColdWar #FallenEmpire Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går7 min
episode The Last Soviet Border: Where the Iron Curtain Rusted cover

The Last Soviet Border: Where the Iron Curtain Rusted

In the final years of the USSR, the Soviet border was both a prison and a sieve. This episode follows the story of the Western Borderlands — from the Baltic republics to the Carpathians — where the Iron Curtain literally rusted. We examine the last Soviet border guards, the wave of escape attempts in 1989-1991, and the strange twilight when the KGB still manned checkpoints but the state they served had already vanished. Featuring the story of the Pogranichnye voyska (border troops), the 1990 breakthrough at the Lithuanian border post of Medininkai, and the abandoned watchtowers that still stand from Finland to the Black Sea. What happens to borders when the empire they protect no longer exists? #SovietBorder #PogranichnyeVoyska #IronCurtain #Medininkai #Lithuania #KGB #Perestroika #Glasnost #VladimirPutin #KGBBorderTroops #SovietCollapse #1990 #1991 #EasternEurope #BorderSecurity #ColdWar #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

24. juni 20266 min