THE IMPLEMENTATION OF THE FINANCIAL POLICY IN THE ASTRAKHAN REGION DURING THE MONETARY CRISIS OF LATE 1917 - EARLY 1918

Kulakova Nataliya I.

10.54398/1818-510X_2022_1_25

Annotation

Financial and economic situation of Astrakhan province in the late 1917 - early 1918 and basic actions of the Astrakhan province local government taken to stabilize the financial situation are considered in the article. The Astrakhan Region faced a monetary deficit in August 1917, which was due to the economic characteristics of the region. The Astrakhan authorities had to overcome the current situation in the tense political climate of 1917-1918. The relevance of this article is explained by the poor level of knowledge of financial policy issues of the Astrakhan authorities in late 1917 and early 1918. The aim of the article is to identify common and different features in the monetary policy of the Astrakhan authorities during the protracted economic crisis and the revolutionary events of 1917-1918. The research is based on published sources and archival documents that were not previously introduced into scientific circulation. The main stages of the monetary policy in late 1917 - early 1918 were identified. The author comes to the conclusion, that the policy of the local authorities to overcome the monetary crisis was spontaneous, and was aimed at maximum savings of paper banknotes. Surrogates in the form of securities and their coupons were actively introduced into monetary circulation, limits on withdrawals from bank accounts were introduced. Print of local money was a forced measure.

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