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<p>[QUOTE="KSorbo, post: 2053319, member: 56370"]After the Russian Revolution and resulting Civil War left the economy in shambles, the new Soviet government instituted the "New Economic Policy" (NEP) in the early 1920's. This policy allowed for free enterprise as well as the issuance of gold and silver based currency to replace the hyperinflated paper rubles that were circulating at the time. Although NEP was not in accordance with communist ideals, it was the only option the Bolsheviks had to prevent further economic collapse which would have caused them to lose power.</p><p><br /></p><p>After Stalin consolidated power in the late 1920's, the Soviet government moved away from NEP and instituted forced collectivization, nationalization of industry and all the other horrors of the USSR that we read about in our history books. A debased currency was an integral part of communism as it took economic power away from individuals and left it solely in the hands of the state. This explains why silver disappeared from Soviet coinage in the early 30's.[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 2053319, member: 56370"]After the Russian Revolution and resulting Civil War left the economy in shambles, the new Soviet government instituted the "New Economic Policy" (NEP) in the early 1920's. This policy allowed for free enterprise as well as the issuance of gold and silver based currency to replace the hyperinflated paper rubles that were circulating at the time. Although NEP was not in accordance with communist ideals, it was the only option the Bolsheviks had to prevent further economic collapse which would have caused them to lose power. After Stalin consolidated power in the late 1920's, the Soviet government moved away from NEP and instituted forced collectivization, nationalization of industry and all the other horrors of the USSR that we read about in our history books. A debased currency was an integral part of communism as it took economic power away from individuals and left it solely in the hands of the state. This explains why silver disappeared from Soviet coinage in the early 30's.[/QUOTE]
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