Soviet Style Economics is Insane and Here’s Why.

The Soviet Union’s Economy was once the envy of the world, But as rapidly as it arose the Soviet Union collapsed as a result of its crumbling Economy. but why? While the rest of the world struggled during the great depression, The Soviet Union was quickly and rapidly industrializing under Stalin’s command, but locked within the foundations of the country lie an unavoidable time bomb. In this video we travel all the way back to the 14th century to understand the fundamental forces and conditions that caused Communism to arise in Russia in the first place. Then we follow the economic story and evolution from the Russian empire to the fall of the Soviet Union. --Contents of this video-------------------------------- 00:00 - 1920’s Global Economic Boom 00:50 - Great Depression 01:19 - The Soviet Economy Stands Alone 02:45 - The Roots of Economic Divergence 04:09 - The Black Death 06:40 - East Vs West European Economic History 07:55 - Industrial Revolution in the Wes