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Meiji Japan and post-Soviet Russia · TURNING POINT ·

Oil price collapse (1985–86)

On the Meiji Japan and post-Soviet Russia map as “The oil price falls”

1985–1986 — World oil prices fell by more than half in a year, and earnings from West Siberia’s fields collapsed. At the same time, the anti-alcohol campaign cut vodka revenue. The Soviet budget slid into a deficit, which was covered by printing money.

When
Type
Turning point
Chapter
Perestroika and glasnost (chapter 8 of Meiji Japan and post-Soviet Russia)
Atlas
Remaking the State: Meiji Japan 1600–1912 and Post-Soviet Russia 1964–2000
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Map showing Oil price collapse (1985–86), turning point in Remaking the State: Meiji Japan 1600–1912 and Post-Soviet Russia 1964–2000
TURNING POINT · REMAKING THE STATE: MEIJI JAPAN 1600–1912 AND POST-SOVIET RUSSIA 1964–2000

In the same chapter

◆ Chernobyl● Alma-Ata● Termez● Leningrad vote● Miners strike

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