The Industrialisation of Soviet Russia Volume 4: Crisis and Progress in the Soviet Economy, 1931-1933

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The book explores the economic crisis of 1931-33, highlighting its devastating impact on industrialization and the regime's stability. It details the shift towards more realistic policies, including moderate plans and strict monetary controls, in response to rampant inflation and famine. Despite these reforms, the catastrophic famine of 1933 claimed millions of lives. However, the latter part of 1933 marked the beginning of an industrial boom, influenced by prior investments. Utilizing secret archives, the author reveals how these years shaped the Soviet economic system until its collapse in 1991.