Search results
Results from the WOW.Com Content Network
The Soviet Union sold most of its oil and natural gas exports for United States dollars but bought most of its hard currency imports from Western Europe. The lower value of the United States dollar meant that the purchasing power of a barrel of Soviet crude oil, for example, was much lower than in the 1970s and early 1980s.
The Soviet invasion of Lithuania, Estonia and Latvia [107] [149] [page needed] in June 1940 resulted in the Soviet occupation of states on which Germany had relied for 96.7 million Reichsmarks of imports in 1938 at blackmailed favorable economic terms, [12] but from which they now had to pay Soviet rates for goods. [148]
The German–Soviet Economic Agreement of 12 October 1925 formed the contractual basis for trade relations with the Soviet Union. In addition to the normal exchange of goods, German exports to the Soviet Union from the very beginning utilized a system negotiated by the Soviet Trade Mission in Berlin by which the Soviet Union was granted credits for the financing of additional orders in Germany ...
A major strength of the Soviet economy was its enormous supply of oil and gas, which became much more valuable as exports after the world price of oil skyrocketed in the 1970s. As Daniel Yergin notes, the Soviet economy in its final decades was "heavily dependent on vast natural resources–oil and gas in particular".
Soviet delegation with Trotsky greeted by German officers at Brest-Litovsk, 8 January 1918. Lenin, once in power, believed the October Revolution would ignite the world's socialists and lead to a "World Revolution." Lenin set up the Communist International (Comintern) to export revolution to the rest of Europe and Asia. Indeed, Lenin set out to ...
The Soviet Union was at a disadvantage from the very beginning. This was militarily and economically. Despite having such vast natural resource reserves, high quotas of the initial Five-year plans for the national economy of the Soviet Union required extensive exploitation of European Russia. As a result, the resource base in eastern regions of ...
Détente and improving relations between the Soviet Union and the United States allowed for more trade. The plan's focus was primarily on increasing the number of consumer goods in the economy so as to improve Soviet standards of living. While largely failing at that objective [21] it managed to significantly improve Soviet computer technology ...
A union of multiple subnational Soviet republics, its government and economy were highly centralized. The Soviet Union was a one-party state, governed by the Communist Party with Moscow as its capital. It was a major ally during World War II, a main participant in the Cold War, and it grew in power to become one of the world's two superpowers ...