After the collapse of the USSR Russian leaders tried to reverse socialism rapidly,through what they called "__________," which they knew would be painful but hoped would be brief.

Question

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Shock therapy refers to the rapid and radical shift towards a market economy that the Russian leaders attempted after the collapse of the USSR. It is called shock therapy because it involved quickly removing price controls, reducing subsidies, and privatizing state-owned industries, which caused significant economic disruption and hardship for many Russians. The leaders hoped that this painful change would be brief and would ultimately lead to a more prosperous and efficient economy.

After the Collapse of the USSR Russian Leaders Tried to Reverse