Question

describe the consequences of shock therapy​

Answer 1

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The consequences of shock therapy are:-

1. Collective farms were replaced by private farming and capitalism in agriculture.
2. Privatisation of state assets and corporate ownership patterns were immediately brought in.
3. Development began to be envisaged through more trade and sudden and complete switch to free trade was considered essential.

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Answer 2

Answer:

The shock therapy ruined the economies of Russia and east European countries. ... The value of the Russian currency, ruble declined considerably. People lost all their savings because of high rate of inflation. The collective farms disintegrated leaving people without any food security.