EVENT INFORMATION

1
Oktober
1923

The “scissors crisis” exposes conflict between farm and factory prices

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📅 1 Oktober 1923 📍 Sovjet-Unie

During 1923, industrial prices rose sharply relative to agricultural prices, producing a widening gap known as the “scissors crisis.” Peasants found manufactured goods expensive while state planners sought grain for cities and industry. Price reductions and market interventions narrowed the gap, but the episode exposed how exchange terms transferred pressure between countryside and industry. The date marks the month when the divergence peaked rather than a single-day decision.

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Personen in deze gebeurtenis

Peasant producers

industrial workers

state planners

Organisaties in dit Evenement

USSR

State Planning Commission