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

The Last Soviet Ruble: Hyperinflation and the Empire's Death

7 min · 7. juli 2026
Forsidebilde av episoden The Last Soviet Ruble: Hyperinflation and the Empire's Death

Beskrivelse

In 1991, the Soviet ruble was already a shadow of its former self. But in January 1992, days after the USSR formally dissolved, the Russian government unleashed price liberalization — and inflation exploded. Prices rose 245% in January alone. By year's end, the ruble had lost 96% of its value. This episode follows the collapse through the eyes of the ruble: from the 1961 currency reform under Khrushchev, through the black-market exchange rates of the 1980s, to the Pavlovian confiscation of 50- and 100-ruble notes in 1991, and finally the hyperinflation that wiped out the life savings of millions. We look at the Gosbank's failed attempts to control the money supply, the role of the Russian Central Bank under Georgy Matyukhin, and how ordinary Soviets coped: bartering, hoarding, and turning to dollars. The ruble's story is the story of the empire's last breath — and its first gasp of a chaotic new world. #SovietUnion #Ruble #Hyperinflation #Gosbank #PavlovReform #PriceLiberalization #YegorGaidar #GeorgyMatyukhin #Khrushchev #1991 #1992 #RussianCentralBank #BlackMarket #Barter #EconomicCollapse #Perestroika #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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Alle episoder

177 Episoder

Forsidebilde av episoden The Last Soviet Deal: How a US Wheat Sale Shook the Kremlin

The Last Soviet Deal: How a US Wheat Sale Shook the Kremlin

In this episode, Lucas and Luna explore the 1972 US–Soviet grain deal—a massive secret purchase that reshaped global agriculture and exposed fatal cracks in the Soviet command economy. They trace how Soviet negotiator Nikolai Belousov outmaneuvered American exporters, only to trigger a chain reaction: empty shelves, livestock collapse, and a permanent dependence on Western grain that Gorbachev called a 'national humiliation.' Along the way, they discuss the role of the Ministry of Foreign Trade, the mysterious figures of Viktor Gerashchenko and Alexander Yakovlev, and how a single trade agreement accelerated the USSR's fall. A story of bad bets, hidden debts, and the invisible costs of superpower hubris. #GrainDeal #USSR #SovietUnion #NikolaiBelousov #1972GrainDeal #SovietEconomy #Gosplan #MinistryForeignTrade #ViktorGerashchenko #AlexanderYakovlev #Perestroika #ColdWar #Agriculture #FoodShortages #EasternEurope #History #FexingoHistory #SovietCollapse Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

24. juli 20269 min
Forsidebilde av episoden The Last Soviet Harvest: How Empty Granaries Doomed the USSR

The Last Soviet Harvest: How Empty Granaries Doomed the USSR

In 1990-91, the Soviet Union faced a grain crisis that brought the superpower to its knees. This episode explores the forgotten story of the Soviet breadbasket and its collapse. We follow the journey of a single grain from the collective farm to the state store, and uncover how decades of central planning, environmental degradation, and corruption turned the world's largest agricultural nation into a net importer of food. Along the way, we meet Vasily Selyunin, the journalist who exposed the 'dead zone' of Soviet agriculture; visit the Virgin Lands of Kazakhstan, where Khrushchev's grandiose scheme turned to dust; and witness the haunting spectacle of grain rotting in elevators while citizens queued for bread. We also examine the role of the 1990 drought, the collapse of the fertilizer industry, and the final blow: the loss of trade with Eastern Europe. This episode ties directly to the broader narrative of the Soviet collapse, showing how the empty shelves of 1991 were not just a symptom but a cause. A story of statistics, soil, and survival. #USSR #SovietUnion #Agriculture #GrainCrisis #Perestroika #Glasnost #VasilySelyunin #VirginLands #Kazakhstan #Gosplan #Goskomstat #1990Drought #CollectiveFarms #BreadQueue #History #FexingoHistory #EasternEurope #Collapse Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går9 min
Forsidebilde av episoden The Last Soviet Joke: How Political Satire Undermined the Kremlin

The Last Soviet Joke: How Political Satire Undermined the Kremlin

Long before the Soviet Union's final collapse, its citizens had a secret weapon: the political joke. In this episode, Lucas and Luna explore the underground world of anekdoty — the sharp, subversive jokes that circulated in kitchens, on trains, and in factory breaks throughout the USSR. From Stalin-era gallows humor about NKVD knock-knocks to Brezhnev's endless punchlines about his own senility, these jokes mapped the empire's decay with devastating accuracy. We trace the evolution of Soviet political satire through the Thaw, stagnation, and perestroika, showing how jokes about queues, shortages, and party meetings voiced what Pravda could not. We also meet the joke-tellers themselves: the disenchanted engineers, the KGB informants who laughed then reported, and the folklorists who secretly recorded it all. By the late 1980s, when Gorbachev's glasnost made open critique possible, the joke lost its edge — but by then, the damage was done. The Soviet system had been laughed at for decades, and laughter, as they say, is the sound of power dissolving. #SovietUnion #PoliticalSatire #Anekdoty #Perestroika #Glasnost #Stalin #Brezhnev #Gorbachev #KGB #UndergroundCulture #Humor #Subversion #EasternEurope #History #FexingoHistory #ColdWar #Dissidence #OralHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går7 min
Forsidebilde av episoden The Last Soviet Border: How the Vistula Split the Empire

The Last Soviet Border: How the Vistula Split the Empire

In this episode, Lucas and Luna explore how the Soviet Union's western border along the Vistula River became a fault line of empire. They delve into the 1939 Molotov–Ribbentrop Pact and its secret protocol dividing Poland, the wartime displacement of millions, and the postwar redrawing of frontiers that created a new Soviet republic — the Kaliningrad Oblast. They discuss the Curzon Line, the Oder–Neisse Line, the Katyn Massacre, and how Stalin used ethnic cleansing to secure a buffer zone. The conversation also covers the little-known story of the Białystok region, which was transferred from Belarus to Poland in 1945, and the lingering legacy of these borders in modern Eastern Europe. Listeners will gain a concrete understanding of how cartography became a weapon of state, and how the Soviet Union's territorial ambitions sowed the seeds of its own fragmentation. #SovietBorder #VistulaRiver #MolotovRibbentropPact #CurzonLine #OderNeisseLine #KaliningradOblast #KatynMassacre #Białystok #Stalin #EasternEurope #History #FexingoHistory #USSR #WWII #PolishHistory #PopulationTransfer #SecretProtocol #BorderChanges Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

22. juli 20266 min
Forsidebilde av episoden The Last Soviet Train: How the Trans-Siberian Railway Witnessed the Collapse

The Last Soviet Train: How the Trans-Siberian Railway Witnessed the Collapse

In this episode, Lucas and Luna explore the Trans-Siberian Railway's role in the final years of the USSR. From the Baikal-Amur Mainline (BAM), a Komsomol megaproject that became a symbol of stagnation, to the trains carrying soldiers home from Afghanistan and the cargo of empty shelves, the railway was the empire's circulatory system. They discuss how the railway connected Moscow to Vladivostok but also exposed the Union's fragility — as strikes by train crews in 1991 paralyzed supply chains, and the line became a conduit for smuggled goods and information. The episode also covers the mysterious death of a railway minister and the last train carrying the Soviet flag eastward. A story of steel tracks, broken promises, and the slow crawl toward dissolution. #TransSiberianRailway #BAM #SovietUnion #Perestroika #Komsomol #Vladivostok #BaikalAmurMainline #Gosplan #Gorbachev #LastSovietTrain #Collapse #RailwayHistory #EasternEurope #SovietEconomy #CentralAsia #Bolsheviks #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

22. juli 20266 min