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In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency.
The foreign trade of the USSR was a government monopoly and was conducted by the Ministry of Foreign Trade. This ministry maintained control over the planning and operation of foreign trade through main administrations for imports and exports and for certain large geographical areas, as well as through foreign-trade corporations holding ...
An example of this can be seen in the analysis published in 1929 by soviet economist Lev Gatovsky regarding government intervention on the grain market. [ 50 ] Leon Trotsky and the Opposition bloc had advocated a programme of industrialization which also proposed agricultural cooperatives and the formation of collective farms on a voluntary ...
Three quarters of Soviet oil and grain exports, two thirds of Soviet cotton exports and over 90% of Soviet wood exports were to the Reich alone. [142] Germany supplied the Soviet Union with 31% of its imports, which was on par with United States imports into the Soviet Union. [142]
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 ...
When Mikhail Gorbachev became the leader of the Soviet Union in 1985, he sought to restructure the Soviet Union to resemble the Scandinavian model of western social democracy and thus create a private sector economy. He withdrew Soviet troops from Afghanistan in 1989 and began a hands-off approach in the USSR's relations with its Eastern ...
The Union of Soviet Socialist Republics [r] (USSR), [s] commonly known as the Soviet Union, [t] was a transcontinental country that spanned much of Eurasia from 1922 to 1991. . During its existence, it was the largest country by area, extending across eleven time zones and sharing borders with twelve countries, and the third-most populous co
The U.S. government spent $300 million subsidizing the grain purchases, [15] still unaware that the Soviets had suffered massive crop shortfalls in 1971 and 1972. One reason the government did not realize the impact the deal would have is that many officials, such as Earl Butz , were convinced that the Soviets were purchasing the grain only to ...