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Dinesh

Dinesh club

Posted: 31 May 2020

Taken: 31 May 2020

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Image from •
A History of Russia •
Excerpt from •
A History of Western Society •
Second-excerpt •
The History of Money •
Author •
Jack Weatherford •
Russia •
Inflation •

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 Dinesh
Dinesh club
Shortly after the Czechoslovak invasion, Brezhnev declared the so-called Brezhnev Doctrine, according to which Soviet Russia and its allies had the right to intervene in any socialist country whenever they saw the need. The Chinese drew the reasonable conclusion that they might be next, Which encouraged them to seek the reconciliation with United States that helped Richard Nixon obtain a Vietnam agreement with Hanoi. Predictably, the occupation of Czechoslovakia raised a storm of protest. Many Communist parties in western Europe were harshly critical, partly out o0f conviction and partly to limit their electoral losses. But the occupation did not seriously alter ongoing Western efforts -- most notably, those of West Germany’s Willy Brandt -- to secure better relations with the East-block countries. The reason was simple. The West considered Czechoslovakia to be part of Russia’s sphere of influence, for better or worse. Thus Stalin’s empire remained solidly in place, and it seemed that change in eastern Europe could only continue to follow developments in the Soviet union for years to come. - page 103
3 years ago. Edited 2 years ago.
 Dinesh
Dinesh club
The first of the twentieth-century countries to see it currency collapse was Russia soon after rhe revolution that brought the Communists to power. The Communists deliberately sabotaged their own currency by printing as much money as everyone wanted. This soon meant that 10,000 new rubles had the purchasing power of one Tsarist ruble. Some of the newly powerful Communists felt that by allowing rampant inflation, they would destroy the currency and therefore be able to build a society without money. Once the citizens became thoroughly disgusted with the worthless rubles, the government planned to replace money with rationing system in which coupons would be used to procure whatever food, housing, clothing, and other goods seemed appropriate for each person. Within only a few years, however, it became evident to everyone that even the new Soviet Union needed money to function, and in 1921 the government began a series of moves to institute a new currency system. ` Page 200

The History of Money
2 years ago. Edited 2 years ago.

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