The Union of Soviet Socialist Republics also known as the Soviet Union was dissolved on December 31, 1991, due to various internal and external factors (Pic: britannica.com) 
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Dissolution of the Soviet Union: 10 reasons of why the world's superpower got divided 

The dissolution of the Soviet Union also called as Union of Soviet Socialist Republics (USSR) started in the 1980s and ended only in December 1991. The Supreme Soviet's, Declaration number 142-H resulted in the governing independence to the Republics of the USSR which formally dissolved the USSR. But what led to the dissolution of superpower in the world? We mention some of the important events that led to this huge change

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The Soviet Union was divided into 15 independent countries: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Russia and a few others (Pic: Encyclopedia Britannica)
Improper management of the finances, a sharp drop in the prices of oil and natural gas from $120 per barrel to $ 24 per barrel in 9186 led the soviet union to suffer economically (Pic: Azertac.com)
Mikhail Gorbachev, Former General Secretary of the Communist Party of the Soviet Union decided to allow elections with a multi-party system to create a presidency (Pic: World Atlas)
The multi party system lead to democratisation that led to the destabilisation of Communist control over the Soviet Union (Pic: Atlantic)
While the common man was left to suffer, in the 1960s and 1970s, the communist party elite became richer. This divide lead the youngsters to backlash (Pic: Medium)
In 1989, the political revolution sparked similar revolutions across Eastern European states resulting in the toppling of the Berlin Wall and the USSR had begun to fall apart (Pic: Lonely Planet)
The Soviet Union decided to industrialise everything that resulted in shortage of food and consumer goods. The citizens did not have access to basic needs such as clothing or food (Pic: KCET)
The abandoned site in Prypyat in Ukraine after the explosion of unit 4 reactor at the Chernobyl power station and fallout of radiations was worse than Hiroshima (Pic: Pin Interest)
Gorbachev announced the resignation of the presidency of the Soviet Union on December 25, 1991. The Soviet Hammer and Sickle flag was replaced with the tricolour flag (Encyclopedia Britannica)

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