Photo of the Day

Photo of the Day

Photo of the Day

No. 548

Brenda Elthon's avatar
Brenda Elthon
Feb 23, 2024
∙ Paid

symbols of empire

The Coronation Egg, made by Fabergé for the Russian Tsar in 1897. [Forbes Collection photo]

When the new Soviet leader, Mikhail Gorbachev, came to power in 1985, the Soviet economy had been stagnant for twenty years.

Shelves in stores were empty and food lines were long.

He declared it was time for radical change.

Reagan and Gorbachev meet for the Reykjavík, Iceland, summit of 1986.

Gorbachev launched a series of economic and political reforms, called “perestroika” [reconstruction], which were int…

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