Western Technology and Soviet Economic Development: 1917-1930

Western Technology and Soviet Economic Development #1

by Antony C. Sutton

The Hoover Institution on War, Revolution and Peace was established in 1919 by the late President Herbert Hoover. It is a center for advanced study and research on public and international affairs in the twentieth century.

Genres: History

Hardcover

First published January 1, 1968

About the author

Anthony Sutton was a research Fellow at the Hoover Institution, Stanford University, from 1968 to 1973. He is a former economics professor at California State University Los Angeles. He was born in London in 1925 and educated at the universities of London, Gottingen and California with a D.Sc. degree from University of Southampton, England.

Reviews

[Willy Marz Thiessam · Rating 4 out of 5]

Actually, its much simpler than Sutton claims. Yes, there was a conspiracy by the banks but its way more direct. GE's Russian director, Solomon Trone who signed the agreements, spilled the beans in interviews you can find here:

https://www.amazon.ca/Biography-Solom...

In essence, GE and JP Morgan had lost a lot of money to the Czar. They felt around with the revolutionary groups that took over in the February Revolution and got the eventual winners, the Bolsheviks, to sign on to a massive loan agreement that meant using US technology and ideas. Everyone profited, but the contract did require a very strong, totalitarian, control over the lives of everyone in the ex-Russian Empire.