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