In an effort to transition the top-down, centrally planned economy to market forces, Boris Yeltsin ultimately decided to transfer everything that the state owned (factories, stores, etc.) to private owners. To make sure that EVERY Russian had a vested interest in the success of the new market system, the state also issued every citizen of Russia a voucher (shares in formerly state-owned enterprises). What was the value of these shares that each Russian citizen received?

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!