Stagnation Essay

558 Words2 Pages

Stagnation Era was a period of time when the economic and political development was not going any further. The period started in 1964 during the rule of Leonid Brezhnev and ended with Mikhail Gorbachev’s glasnost and perestroika policies, which led to the Revolution of 1989 and finally to the collapse of the Soviet Union. The time period can be described as wastfulness.
The term “Era of Stagnation” itself was born when Mikhail Gorbachev blamed Leonid Brezhnev for the economic issues that appeared in 1964. The main reasons of stagnation were increased expenditures. The spending increased firstly on military consumer goods and slowly went to economic issues such as work inefficiency. However, author of: ”Revolution from Above: The Demise of the Soviet System” David Michael Kotz argues that militarization could not cause significant changes within Soviet economy as military spending has historically been high. One of the most important events in the history of 20th century of course was expedition to the Moon and that also was something that required a serious amount of resources. ...

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