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Old 11-10-09, 05:44 AM   #8
Freiwillige
The Old Man
 
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The Reagan Doctrin

Kenneth S. Deffeyes argued in "Beyond Oil" that the Reagan Administration encouraged Saudi Arabia to lower the price of oil to the point where the Soviets could not make a profit from selling their oil, so that the USSR's hard currency reserves became depleted.

America's vast military build up caused Russian defense expenditures the escalate from 15 to 17% in the early eighties to above 30% towards the end.

Reagan also had other ideas to hurt the Soviet economy like reducing Europe's dependence on Russian natural Gas.

The Communists were running out of time but they could have staved off total defeat and re inflated their economic situation had it not been for Reagan's Doctrine.
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