How did the Cold War end?
Cold War (1985–1991)
The Reagan administration also persuaded the Saudi Arabian oil companies to increase oil production.[3] This led to a three-times drop in the prices of oil, and oil was the main source of Soviet export revenues.[3] Following the USSR's previous large military buildup, President Reagan ordered an enormous peacetime defense buildup of the United States Military; the Soviets did not respond to this by building up their military because the military expenses, in combination with collectivized agriculture in the nation, and inefficient planned manufacturing, would cause a heavy burden for the Soviet economy. It was already stagnant and in a poor state prior to the tenure of Mikhail Gorbachev who, despite significant attempts at reform, was unable to revitalise the economy.[4] In 1985, Reagan and Gorbachev held their first of four "summit" meetings, this one in Geneva, Switzerland. After discussing policy, facts, etc., Reagan invited Gorbachev to go with him to a small house near the beach. The two leaders spoke in that house well over their time limit, but came out with the news that they had planned two more (soon three more) summits.