Economic & Financial Crises

audiobook (Unabridged) The Impact of Economic Turmoil on Global Stability (2 in 1)

By Fredrich Hazelton

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- The 2023 Inflation Surge: The year 2023 witnessed an unprecedented surge in inflation across multiple global economies, challenging both policymakers and citizens. This inflationary spike had far-reaching implications, reshaping how individuals and businesses approach spending, saving, and investment. For many, the cost of living soared, driven by rising prices on essential goods and services. The effects were not limited to any one region; they were felt in both developed and emerging economies, exacerbating the economic struggles that had already been heightened by the COVID-19 pandemic and supply chain disruptions.

 

- The Collapse of the Soviet Union: The Soviet Union, once the most powerful socialist state on the planet, dominated global politics and economics for much of the 20th century. From its establishment in 1922 until its disintegration in 1991, the USSR stood as a superpower, rivaling the United States in military strength, technological innovation, and ideological influence. The Soviet Union was not just a political entity; it was the manifestation of a grand vision of socialist governance that sought to reshape the world. Its rise to power was marked by revolution, war, and the forging of a unique socio-economic structure that stood in stark contrast to the capitalist world.

Economic & Financial Crises