This article examines collective attitudes of American and Russian students toward national historical events that elicit pride or shame. The authors use the results of a quantitative questionnaire and analysis of in-depth interviews among students of leading American and Russian universities to identify the temporal localization, the content structure, and the prevalence of either hard or soft power in students' attitudes of pride or shame. The authors argue that perceptions of the past have been a core component of national identity and may have an impact on citizens' political behavior in the present. The authors also stress that major differences in young people's understanding of the past may influence future US-Russia relations.