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camellexo camellexo
  • 11-01-2016
  • History
Answered

Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?

Verified Answer :

HistoryGuy HistoryGuy
  • 12-01-2016

The main reason why a severe downturn in oil prices during the early '80s was detrimental to the Soviet economy is because Russia was one of the world's leading exporters of oil in the world--meaning that when prices dropped, so did their GDP.

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