The Soviet Union Used The West's 1929-1933 Economic Crisis Study

After the 1917 October Revolution, Soviet Russia defeated the enemy at home and abroad and consolidated political power. On this basis, the Soviet Union began the First Five-Year Plan in 1928. At the same time, an unprecedented economic crisis of 1929-1933 broke out in capitalist countries. This was an objective opportunity to the development of the Soviet Union. In order to escape the country's economic crisis, western countries competed to sell the surplus products and machinery; the Soviet Union took full advantage of this opportunity to introduce a much-needed industrialization of advanced technology and machinery, which greatly protected the successful completion of the First Five-Year Plan. However, while the positive use of western economic crisis, due to the Soviet Government's failure to properly handle the relationship between the introduction and absorption of western technology, also the funds needed and other issues, the construction eventually led to a series of negative consequences. And at that time, under special historical background, because the leaders of the Soviet Union were bond by the rigid ideology, they just took the foreign economic relations as an expedient measure and failed to sum up this theory and form a active open door policy in practice. In short, the measures taken by the Soviet government during the economic crisis left us not only with a valuable experience, but also a deep lesson.