5 cold war Assignment Example | Topics and Well Written Essays - 250 words

5 cold war - Assignment ExampleThe disintegration of the communism in eastern Europe and the Soviet Union was the most unexpected and rapid major economic and social sack that occurred in the 20th century.Although the demise of communism in Eastern Europe was largely peaceful, it had extremely destabilizing repercussions in the Soviet Union. This was due to the fact that communism was founded on two defining economic features which were characterized by a centralized command economy in which prices as well as output targets were administratively fixed. It is worthy noting that the key premise behind communism was that the cause of human suffering was capitalism and its subsequent deficiency of the distribution of wealth.The heaviest price that was paid by the relatively disorganized manner in which communism cease was the financial/ monetary costs that the European countries had to face, and the subsequent debt the states would have to the West for the economic assistance offere d to assistant in the building of market economies in the East. There was an unexpected high cost to reunification and reconstructive memory in the East which consequently caused tension which spilled over the countrys borders. Additionally, there was a apace growth in the number of Eastern European immigrants which in turn spurred powerful racists and rightist semipolitical movements which ultimately culminated in anti-immigrant riots.Unfortunately, as a result, there was a great increase in unemployment caused by the chaos on the currency markets in Europe and the fragmenting of the European monetary system. There was a sluggish recession characterized by unemployment and hyperinflation where peoples savings were exhausted. Unfortunately, European governments were preoccupied with striving to lower their work out deficits as well as the national inflation and had little room to deal with the issue of unemployment or any other social issues that arose from the collapse of comm unism. Therefore, due to the mentioned