In the 16th century, Tibetan Buddhism spread to Mongolia, being further led by the Manchu-founded Qing dynasty, which absorbed the country in the 17th century. By the early 20th century, almost one-third of the adult male population were Buddhist monks. After the collapse of the Qing dynasty in 1911, Mongolia declared independence, and achieved actual independence from the Republic of China in 1921. Shortly thereafter, the country became a satellite of the Soviet Union, which had aided its independence from China. In 1924, the Mongolian People's Republic was founded as a socialist state. After the anti-Communist revolutions of 1989, Mongolia conducted its own peaceful democratic revolution in early 1990. This led to a multi-party system, a new constitution of 1992, and transition to a market economy.