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

158 Episoder

episode The Last Soviet Census How Numbers Doomed the Union cover

The Last Soviet Census How Numbers Doomed the Union

In 1989, the Soviet Union conducted its final census—a massive, politically charged operation that revealed the empire's deep fractures. This episode follows the census workers who fanned out across 11 time zones, from the Arctic tundra to the Fergana Valley, counting a population that was unevenly aging, ethnically Balkanizing, and quietly shrinking. We uncover how census data exposed the hollowing out of Slavic Russia, the explosive growth of Central Asian republics, and the silent housing crisis that officials tried to hide. Through the story of one census taker in Leningrad and the statisticians in the Central Statistical Administration (TsSU), we see how numbers—far from neutral—became weapons in the nationalist battles that would tear the USSR apart. Featuring the Chechen hostage crisis, the Nagorno-Karabakh conflict, and the forgotten 1937 census that cost its director his life, this episode shows how counting people changed the course of history. #1989SovietCensus #SovietCollapse #TsSU #Goskomstat #Nationalism #Demographics #Perestroika #Glasnost #Leningrad #FerganaValley #NagornoKarabakh #Chechnya #CentralAsia #HousingCrisis #History #FexingoHistory #EasternEurope #USSR Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går7 min
episode The Last Soviet Spy: How Kim Philby Lived in the Empire's Ruins cover

The Last Soviet Spy: How Kim Philby Lived in the Empire's Ruins

Kim Philby, the most famous British double agent, defected to the USSR in 1963 and lived in Moscow until 1988. This episode explores what happened to him during the perestroika years, how the KGB treated him after his usefulness faded, and why his final days offer a mirror to the Soviet collapse itself. We trace Philby's life in Moscow — from his privileged dacha to his disillusionment with the system he served — and ask whether the empire he helped build even remembered him by the time it fell. Featuring details from his KGB handlers, his British intelligence contacts, and the strange twilight of a spy who outlived both his enemies and his cause. #KimPhilby #CambridgeFive #KGB #SovietIntelligence #Moscow #Perestroika #Gorbachev #MI6 #DoubleAgent #ColdWar #Espionage #USSR #SovietCollapse #1988 #Defector #History #FexingoHistory #Spies Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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The Last Soviet Cosmonaut: How the Space Program Mirrored the Collapse

In this episode, Lucas and Luna explore the final years of the Soviet space program, focusing on the Mir space station and the cosmonauts who lived through the empire's dissolution. They discuss the launch of Mir in 1986, the role of the Energia rocket and the Buran shuttle, and how the collapse affected the cosmonauts aboard Mir, including Sergei Krikalev, who spent ten months in space while the USSR disintegrated. The conversation touches on the Baikonur Cosmodrome in Kazakhstan, the shift from state-funded to commercial spaceflights, and the legacy of Soviet space achievements. A natural donation segment ties the ad-free nature of the show to the spirit of exploration. #SovietSpaceProgram #MirSpaceStation #SergeiKrikalev #Baikonur #Energia #Buran #Glasnost #Perestroika #Kazakhstan #Cosmonauts #SpaceHistory #ColdWar #1991 #USSR #History #FexingoHistory #EasternEurope #SpaceRace Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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episode The Last Soviet Harvest: How Cotton Brought the Empire to Its Knees cover

The Last Soviet Harvest: How Cotton Brought the Empire to Its Knees

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13. juli 20266 min
episode The Last Soviet Scientist: How the Academy of Sciences Fractured an Empire cover

The Last Soviet Scientist: How the Academy of Sciences Fractured an Empire

In this episode, Lucas and Luna explore the role of the Soviet Academy of Sciences (AN SSSR) in the empire's final years. They focus on the scandal around nuclear physicist Andrei Sakharov's internal exile and the academy's revolt against censorship. Key figures include Sergei Vavilov, Mstislav Keldysh, and the dissident Sakharov. The discussion covers the academy's battle with the Communist Party over scientific freedom, the 1989 election of Sakharov to the Congress of People's Deputies, and the final collapse of state funding that left institutes selling off equipment. The episode also touches on the Kurchatov Institute and the transformation of the Academy into the Russian Academy of Sciences (RAN) in 1991. #SovietAcademyOfSciences #ANSSSR #AndreiSakharov #SergeiVavilov #MstislavKeldysh #KurchatovInstitute #RussianAcademyOfSciences #RAN #Glasnost #Perestroika #Dissidents #ScienceInTheUSSR #Lysenkoism #CongressOfPeoplesDeputies #1991 #Chernobyl #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

12. juli 20268 min