Late Soviet Union (1950-1986)

From 1950 to 1986 the Soviet Union was at an industrial race with the US. During this time the USSR became a leading producer and exporter of petroleum and natural gas. The soviet science industry peaked, building the worlds first nuclear power plant and finally the Soviet space program was the first to reach the moon. All of these factors helped the USSR to become even more of a global superpower. However with all of their great industry/power, the Soviet economy was still lacking and needed some help. A period called the Era of Stagnation overwhelmed the Soviet economy, mostly due to overwhelmed planners in Moscow who's job was to create jobs/provide funds for workers. As a result, labor productivity decreased nationwide as well as employment rates. After several reforms the Soviet government took control of the agriculture, in attempts to turn it around but any counter-measures to help increase employment were non- existent. Thus the Soviet market and living standards were vastly effected.


Soviet protesters protesting for jobs
Location: Moscow
Date: Mid 80's