Russia's Transition from Communism to Capitalism

The video explores the transition of Russia from a communist powerhouse to a capitalist state. It begins with the economic struggles of the Soviet Union in the 1980s, leading to Gorbachev's reforms of glasnost and perestroika. Yeltsin's shock therapy aimed to rapidly shift Russia towards capitalism, resulting in economic turmoil and the rise of oligarchs. Putin's leadership brought a hybrid economic model, combining state control with oligarchic influence, while maintaining an authoritarian grip on power.

What were the two initiatives introduced by Mikhail Gorbachev to modernize the Soviet Union?

• Communism and Socialism

• Glasnost and Perestroika

• Shock Therapy and Privatization

• Oligarchy and Capitalism

What was the economic strategy implemented by Boris Yeltsin to transition Russia towards capitalism?

• Gradual Reform

• Shock Therapy

• State Control

• Communist Revival

What was the impact of Yeltsin's shock therapy on the Russian economy?

• Economic growth

• Decrease in corruption

• Hyperinflation and unemployment

• Stability and prosperity

What was the consequence of the hasty privatization of state-held corporations in Russia?

• Economic stability

• Rise of a new oligarchy

• Decrease in corruption

• Increased state control

What was the role of the 'seven bankers' in Russia's economy?

• They were economic advisors

• They were government officials

• They controlled major industries and influenced politics

• They were foreign investors

Who became the Acting President of Russia after Boris Yeltsin resigned?

• Alexei Navalny

• Mikhail Gorbachev

• Dmitry Medvedev

• Vladimir Putin

How did Putin's policies initially affect the Russian economy?

• They had no impact

• They worsened the economic situation

• They improved the economy and increased GDP

• They led to a recession

What type of economic system did Vladimir Putin implement in Russia?

• Socialism

• Hybrid of state and oligarch control

• Communism

• Pure Capitalism

What was a major issue with Russia's economy under Putin's leadership?

• Excessive foreign investment

• Lack of natural resources

• High levels of unemployment

• Over-reliance on oil and gas exports

What was a significant challenge faced by Russia due to Putin's geopolitical activities?

• Increased foreign aid

• Economic independence

• International sanctions

• Improved diplomatic relations