Question

Who was Gorbachev? Why did he seek to reform ** Society?

Answer 1

Shock Therapy affected trade and commerce of Russia in the following manner:

1. The value of Ruble, the Russian ’ currency declined.

2. Inflation rose at a very high rate and it lost all savings of people.

3. Lack of productivity and technology created shortage of food which increased food imports every year.

4. The GDP of Russia also declined between 1989 to 1999.