regulation, it did not successfully deal with the nation's recession, grant individual freedom to its citizens, or promote competition and individual initiative among its people. The United States, on the other hand, has been recognized for its successful solutions to economic crisis, and national promotion for individual growth and competition, all with little government intervention. As demonstrated by the United States, compared with Russia's former command economy, a successful economy is one in which there is little government involvement or restriction. While every nation has experienced a period of economic crisis, the United States is an example of a nation that has dealt with many of them with limited government involvement. For instance, in 1988, the U.S. was confronted with high inflation and decreased consumer spending. While prices rose quickly, the nation's people began to save their money, rather than invent it in the economy. It was President Ronald Reagan's ideas to reduce the government's involvement in the situation that helped to improve economic conditions. By cutting taxes to increase consumer spending, and by restricting the supply of money in the economy, he reduced the inflation from 13% to 4%. Instead of actively taking part in controlling all aspects of the economy, the government helped to solve the problem of inflation through limited involvement in the situation. The nation's people were still free to make their own economic decisions, and by reducing the taxes, citizens were able to spend more in the market. With more money begin invested in the economy and in individually owned business, there was also a demand for in the economy and individually owned businesses, there was also a demand for workers to produce the goods that the consumers now desired. By taking little government action, Regan stirred the economy, decreased unemployment involvement was necessary in the repairing of the country's economy, the amount of state control was limited. Although the United States Successfully dealt with their economic problem in 1988 with little government involvement, the USSR has been known to heavily involve the direction of the state in the planning of former economic systems. For instance, after World War I, Russia was a country in distress, attempting to deal with the torment of the war. Revolts were occurring frequently, and Lenin, the leader of the Bolsheviks, overthrew the former government. In am attempt to save the country's people and their economy, Lenin nationalized almost everything, and forced the peasants to give their surplus of food to the workers. It was the excessive amount of government control, though, that caused the country of collapse. By forcing the peasants to give up their food, and by allowing mal-trained workers to run the factories, land cultivation dropped 29% and production rates also fell. With such direct state control over the economy, the people of the country began to retaliate by producing fewer crops and working half as hard in the factories. Because of extensive government involvement in the planning regulating of Russia's economy, the country suffered from a low production of goods and also from a food shortage. After Lenin's rein in the USSR, another leader took an active role in the planning and regulating of the country's economy. It was Staling/s goal to increase production within his nation, but he planned to do so with complete control over every aspect of the people and the economy. For instance, Stalin converted the once pr

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Approximate Word count = 2374
Approximate Pages = 9 (250 words per page double spaced)