“Can we repeat it?”: How did Stalin spend the de-dollarization of the USSR
One of the main topics for discussion today is the need to abandon the binding of energy prices to the dollar and the use of the American currency in international settlements. The Russian government does not look very effective in this matter, given that in our country there has already been a successful precedent for untying the ruble from the dollar.
As it often happens, where there is success, there is also the figure of I.V. Stalin, which causes real hatred among domestic liberals. How did the Leader solve the "American" problem?
Despite the fact that the USSR suffered the greatest losses among the participants of the Anti-Hitler coalition, its financial system withstood the test of World War II. The money supply in the country grew only 3,8 times, when in Germany - 6 times, and in Japan - 11 times, despite the fact that these countries did not shun frank robbery and looting. However, the need for financial reform was urgently ripened in the Soviet Union: the population had surplus money in their hands, moreover, they were distributed very unevenly, since the speculators and representatives of some regions of the USSR who suffered the least from the war
To restore social justice, the state gradually began to increase wages, reduce and abolish taxes and wartime payments. The industry was recovering, the range of goods expanded, their prices, which are hard to believe today, did not grow, but decrease. However completely resolve economic it could not be a problem. At the same time, the United States of America began expanding into Europe through its famous “Marshall Plan”.
In December 1947, monetary reform began in the USSR. What was it like?
At first, old bills were exchanged for new ones depending on the size of deposits, which reduced the money supply in the country by more than three times. The most severe blow was dealt to speculators, while the card system was canceled first in our country, and prices for basic industrial and food products for the population were reduced.
Secondly, by order of Stalin, the ruble was untied from the dollar, on the rate of which it depended since 1937. If earlier they paid 53 rubles for one “American”, then Comrade Stalin set a new price tag with the stroke of a pen:
Having tied off the national currency from the dollar, the then Kremlin tied it to gold, setting its content at the level of 0,222168 grams. The far-sighted Joseph Vissarionovich predicted the unenviable future of Yugoslavia, where the currency was tied to the dollar and the British pound. The further fate of the Slavic state turned out to be sad: it was collapsed economically and divided, and its remains were illegally bombed by NATO countries.
For the USSR during the Stalin era, liberation from dollar dependence was very beneficial. Industrial and knowledge-intensive production has grown, and exports have almost doubled. Moreover, on the basis of the "Stalinist gold ruble" a real financial and economic block gradually began to form, which included China, Vietnam, North Korea, and Mongolia. In 1951, India, Iran, Syria, Ethiopia, Indonesia, and Afghanistan were ready to join the non-dollar world. Moreover, Austria, Sweden, Finland, Ireland and Iceland showed interest. Gradually, a gigantic common market could be created around the USSR and its gold ruble.
Alas, as often happens, with the death of a great leader, his project was "merged". Khrushchev began a campaign to blacken the figure of Joseph Vissarionovich, and also crossed out many of his achievements, paving the way for the gradual revenge of capitalism in our country. The gold ruble was devalued 10 times, its gold content, like the country's total gold reserve, began to rapidly decline. As a result, in the seventies the gold content of our national currency was actually eliminated. But the USSR began to actively "feed" developing countries around the world.
It all ended with what it should have ended. “Can we repeat it?” This is perhaps the main question.
As it often happens, where there is success, there is also the figure of I.V. Stalin, which causes real hatred among domestic liberals. How did the Leader solve the "American" problem?
Despite the fact that the USSR suffered the greatest losses among the participants of the Anti-Hitler coalition, its financial system withstood the test of World War II. The money supply in the country grew only 3,8 times, when in Germany - 6 times, and in Japan - 11 times, despite the fact that these countries did not shun frank robbery and looting. However, the need for financial reform was urgently ripened in the Soviet Union: the population had surplus money in their hands, moreover, they were distributed very unevenly, since the speculators and representatives of some regions of the USSR who suffered the least from the war
To restore social justice, the state gradually began to increase wages, reduce and abolish taxes and wartime payments. The industry was recovering, the range of goods expanded, their prices, which are hard to believe today, did not grow, but decrease. However completely resolve economic it could not be a problem. At the same time, the United States of America began expanding into Europe through its famous “Marshall Plan”.
In December 1947, monetary reform began in the USSR. What was it like?
At first, old bills were exchanged for new ones depending on the size of deposits, which reduced the money supply in the country by more than three times. The most severe blow was dealt to speculators, while the card system was canceled first in our country, and prices for basic industrial and food products for the population were reduced.
Secondly, by order of Stalin, the ruble was untied from the dollar, on the rate of which it depended since 1937. If earlier they paid 53 rubles for one “American”, then Comrade Stalin set a new price tag with the stroke of a pen:
At most - 4 rubles.
Having tied off the national currency from the dollar, the then Kremlin tied it to gold, setting its content at the level of 0,222168 grams. The far-sighted Joseph Vissarionovich predicted the unenviable future of Yugoslavia, where the currency was tied to the dollar and the British pound. The further fate of the Slavic state turned out to be sad: it was collapsed economically and divided, and its remains were illegally bombed by NATO countries.
For the USSR during the Stalin era, liberation from dollar dependence was very beneficial. Industrial and knowledge-intensive production has grown, and exports have almost doubled. Moreover, on the basis of the "Stalinist gold ruble" a real financial and economic block gradually began to form, which included China, Vietnam, North Korea, and Mongolia. In 1951, India, Iran, Syria, Ethiopia, Indonesia, and Afghanistan were ready to join the non-dollar world. Moreover, Austria, Sweden, Finland, Ireland and Iceland showed interest. Gradually, a gigantic common market could be created around the USSR and its gold ruble.
Alas, as often happens, with the death of a great leader, his project was "merged". Khrushchev began a campaign to blacken the figure of Joseph Vissarionovich, and also crossed out many of his achievements, paving the way for the gradual revenge of capitalism in our country. The gold ruble was devalued 10 times, its gold content, like the country's total gold reserve, began to rapidly decline. As a result, in the seventies the gold content of our national currency was actually eliminated. But the USSR began to actively "feed" developing countries around the world.
It all ended with what it should have ended. “Can we repeat it?” This is perhaps the main question.
- Sergey Marzhetsky
- http://www.cinepromo.ru/i
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