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

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21-09-2015
History

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

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HistoryGuy HistoryGuy · Answer 1 · 2015-09-21T19:32:22+02:00

HistoryGuy HistoryGuy

21-09-2015

The main reason why a severe downturn in oil prices during the early '80s was detrimental to the Soviet economy is because the Soviets depended greatly on the export of oil for their economy to strive--meaning that when prices fell so did their GDP.

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savagereezy savagereezy · Answer 2 · 2019-06-24T22:36:26+02:00

savagereezy savagereezy

24-06-2019

Answer: It was an oil-exporting nation.

Explanation:

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