The Warsaw Pact: The Collapse Of The Soviet Socialist Republic

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From Dissolution to Disrepair
On 25 December 1991, with the resignation of Mikhail Gorbachev, the Union of Soviet Socialist Republics (USSR) that had dominated international world affairs crumbled into a morass of disarray and was dissolved. From the ashes of the old republic, the new Russian Federation was formed the very next day on 26 December 1991establishing a sovereign state. After the dissolution of the USSR, the mantle of leadership was passed to the Russian Federation’s first president, Boris Yeltsin. Yeltsin announced that he would transform Russia's old and repressive socialist economy into a capitalist market economy. He thought that the liberalization of prices and the privatization of the economy would bolster the economy. Yeltsin employed sweeping changes in the Russian economy in what was called economic “shock therapy.”
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The Warsaw Pact was created in response to the creation of the North Atlantic Treaty Organization (NATO) on 9 May 1955. Fearing a total abandonment of the Soviet Union, the Commonwealth of Independent States (CIS) was formed on 8 December 1991 by the Russian Soviet Federative Socialist Republic (SFSR) and the Republic of Byelorussia, with the state of Ukraine being an associate state. Eight other states joined the Commonwealth following the initial three

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