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Already during the Civil War, the Soviet government began to develop a long-term plan for the electrification of the country.In December 1920, the GOELRO plan was approved by the 8th All-Russian Congress of Soviets, and a year later it was approved by the 9th All-Russian Congress of Soviets.
In the Russian Empire, the manufacturing owners did not show much interest in innovations. [citation needed] Only at the end of the 18th century, at the government's initiative, did a discussion begin on a large-scale project that concerned the use of English comb out and spinning machines.
A significant part of the landowners could not or did not want to move away from the old and familiar forms of farming. Middle-estate and small-estate nobles were forced to lay their clan nests. The nobles asked to give them a certificate that they did not have any real or movable capital, on the basis of which they asked to accept their ...
The Russian government used policies of shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession. GDP per capita levels returned to their 1991 levels by the mid-2000s. The economy of Russia is much more stable today than in the early 1990s, but inflation still remains an issue ...
The Russian government believed that the open sale of state-owned assets, as opposed to the voucher program, would have likely resulted in the further concentration of ownership among the Russian mafia and the nomenklatura, which they sought to avoid. Nevertheless, contrary to the government's expectations, insiders managed to acquire control ...
Economists developed two alternative interpretations to explain de-industrialization in Britain. The first was developed by Oxford economists Robert Bacon and Walter Eltis. They argue that the public sector expansion deprived the private sector of sufficient labour and capital. In a word, the government “crowded out” the private sector.
Under Tsar Nicholas II (reigned 1894–1917), the Russian Empire slowly industrialized while repressing opposition from the center and the far-left.During the 1890s Russia's industrial development led to a large increase in the size of the urban middle class and of the working class, which gave rise to a more dynamic political atmosphere. [1]
In March 1942, the output of military equipment and machinery in the eastern regions reached a point which equaled production across the entire Soviet Union at the start of the war. In June of the same year, the US and the Soviet Union signed an agreement to lend-lease supplies. Known today as Lend-Lease.