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jan 1, 1923 - USSR experiences the "Scissor crisis" (early 1923)

Description:

NEP led to uneven economic growth.Agriculture quickly recovered but indsutry experienced growth at a slower rate. A gap opened up between farmers' incomes and industrial prices. Trotsky nicknamed this the 'Scissor Crisis'.

Added to timeline:

Date:

jan 1, 1923
Now
~ 101 years ago