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After the COLD WAR

After the COLD WAR. The USSR Collapses. 1989: Berlin Wall falls 1985: Mikhail Gorbachev last Soviet leader Glasnost : “openness” Perestroika : “restructuring” Arms control economic reforms pulled Soviet troops out of satellite countries Led to revolutions in Eastern Europe.

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After the COLD WAR

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  1. After the COLD WAR

  2. The USSR Collapses • 1989: Berlin Wall falls • 1985: Mikhail Gorbachev • last Soviet leader • Glasnost: “openness” • Perestroika: “restructuring” • Arms control • economic reforms • pulled Soviet troops out of satellite countries • Led to revolutions in Eastern Europe

  3. Revolutions in Eastern Europe • 1989: Velvet Revolution in Czechoslovakia • 1989: Hungary opened its border to Austria • Berlin Wall comes down • 1990: Solidarity Movement in Poland • Lech Walesa • 1991: attempted coup against Gorbachev • Fails • Rise of Boris Yeltsin

  4. Hardliners failed Coup • Boris Yeltsin • Russia leader • puts down coup • Commonwealth of Independent States • Cold War is OVER • Shift from Communism to Capitalism • Private ownership • No more gov’t jobs / $

  5. Ethnic Unrest boils • Caucasus Mountains • Chechnya • 1992: Conflict in Yugoslavia • multiple ethnic groups • Ethnic Cleansing • Bosnians > Muslim • Croatians > Catholic • Serbs > East Orthodox • Kosovo > Muslim • NATO to the rescue

  6. Positives: Rise of businesses / entrepreneurs Skilled labor paid off Negatives: Gov’t closings > unemployment Eastern Europeans migrating to Western Europe 1992: European Union one Economic & Political union one currency to compete w/t USA Loss of sovereignty Economic Changes and the EU

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