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This is both for the Timeline and the key events (source)

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Perestroika: From Re-Building to Collapse

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Perestroika, which literally means "restructuring", was the difficult time of political and economic reform in the USSR. The reforms were introduced in June 1987 by the new Soviet leader Mikhail Gorbachev. He and his supporters were doing everything they could, but the new economic measures were not working.

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(source)

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Glasnost and Perestroika: The Failed Reforms that Sparked a Revolution

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The Fall of the Soviet Union
(This is both for Background Information and the Outcomes that happened during the reform)

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Perestroika and Glasnost - Cold War - HISTORY.com

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Find out more about the history of Perestroika and Glasnost, including videos, interesting articles, pictures, historical features and more. Get all the facts on HISTORY.com

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In 1985,Gorbachev introduced the idea of perestroika or economic reconstructing. Gorbachev also knew that this meant that if they wanted their economy to improve the communist party would have to loosen their grip on the soviet society and politics.In 1987,the following year he unveiled a third new policy,called democratization.This would be a gradual opening of the political system in Russia.This called for a new election for a new legislative body.In the past elections,merely approved candidates who were handpicked by the communist party.Now,voters could choose from a list of candidates for each office.The election produced many surprises.In several places,voters chose lesser-known candidates and reforms over powerful party bosses.
Source
History Book Tittle- Modern World History
Page 613
Topic:Struggles for Democracy

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1985 Mikhail Gorbachev is elected General Secretary of Soviet Union

1986 Gorbachev introduces his policy of Perestroika

1986 Every single person of the party of high level has been replaced by younger people

1988 Glasnost is introduced to the people

1988 Soviet abandonment of the Brezhnev Doctrine

1989 Yevgeny Yasin took charge of the state commission of economics

1991 Gorbachev resigns from the communist party

1991 A new document was signed by high ranking people to end all of the madness

1991 Soviet Union formally dissolved

1991 It was the end of the perestroika

Sources for Timeline
https://www.timetoast.com/timelines/glasnost-and-perestroika

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-Russia began to sell government owned business to private companies this process is privatization
-Economics reform distance decay this means it makes communication and transportation more difficult
-Since of 1998 crash Russia has slowly tried to recover its economy
-The reform lead to many raging debates
-The new reform lead to to horrible riots during the rebuilding of the economic system
-When Gorbachev took charge the growth of the reform didn't go up but instead went to a negative growth
-The was checking on Gorbachev on his new ideas of the reform
-It was the first time a Soviet leader actually met the people and see what they wanted
-Not a single person  trusted him on doing the economic reform
-A team of reforms went with the idea
-The economy later became the second most important thing to worry about rather being the first even though they're in a budget
-New reforms of the economy didn't make any profit
-Many members were not scared anymore so they decided to fight back due to the broken economy
Sources
http://teachersites.schoolworld.com/webpages/DCrouse/files/chapter%2017%20section%202%20economic%20reform.pdf

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In 1922 the U.S.S.R. was formed as a communist state and led by none Other than Vladimir Lenin (The U.S.S.R’s first dictator) who ,basically on a large spread scale, brought and started the communism in the Soviet Union. Communism or the political and economic ideology where everyone shares the wealth and the government owns all the businesses. Communism was resorted to after the fall of the czars but not everyone supported the communist. Forces loyal to the czar were anti-communist and known as the “Whites” and the Bolsheviks (communists) were known as the “Reds”. The Reds army was full of men who were dedicated to communism and were willing to do anything to keep the revolution going. The White army was kind of the opposite and wasn’t dedicated to restoring the czar.

Sources: http://www.history.com/this-day-in-history/ussr-established

http://olc.spsd.sk.ca/DE/history20/unit1/sec5_08.html