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Eastern Europe

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by

Ryan Christman

on 11 March 2010

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Transcript of Eastern Europe

Eastern Europe Eastern European Countries: Albania, Bosnia and Herzegovina,
Bulgaria, Croatia, the Czech Republic, Hungary, Macedonia,
Poland, Romania, Slovakia, Slovenia, and Yugoslavia. History: This regions location between Asia and the rest
of Europe shaped its history as many groups migrated into
this region creating great diversity. Eastern Europe is a cultural crossroads, or a place where
various cultures cross paths. Many traders, nomads, migrants, and armies have been moving
between Europe and Asia making this region so important that many world powers have tried to control it. Balkanization has occured in many Eastern European countries as the region for four
decades causing severe economic problems. Economy: Under Soviet Rule, Communism was in place,
as was a command economy, as the government owned
all factories and told them what to produce. This system was inefficient because industries had little
motive to please customers or to cut costs, and often
there was a shortage of goods. This region was also forced to trade with the Soviet Union so they didn't keep up with the
technology of other nations. In 1989 most of this region began to move toward a market
economy, in which industries make the goods consumers want
to buy. Many factories then became privately owned instead
of state owned, which caused problems such as inflation,
the closing of factories, and unemployment. Since then, many factories have cut their costs and improved production. In general, this region is less urban than the rest of Europe. As Eastern Europe develops more industry, its
cities will grow. Many coutries still have fierce loyalties to their own
ethnic groups, which have resulted in conflict. To obtain true democracy, Eastern Europeans need to overcome old hatreds
and work together.
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