Socioeconomic Classes - AP World History: Modern

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Question

Initially, the breakup of the Soviet Union                       .

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Answer

When the Soviet Union collapsed, a small number of powerful people with Western connections both understood the concept of private property better than their compatriots and had the resources to act upon their knowledge, purchasing large companies for pennies on the dollar.

For the rest of society, the fall of the Soviet Union did not have an economically positive effect; quality of life diminished for the vast majority, including the middle class.

The collapse of the Soviet Union had an enormous effect on socioeconomic class in the region; essentially the gulf between the rich and the poor became larger.

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