Translation: Buy one month’s salary worth of Industrialization Bonds.
[On the coin] Workers of all countries, unite. 1 ruble 1928
Poster Number: PP 721
Artists: Voronov, Leonid Alexandrovich — Воронов, Леонид Александрович; Evstaf'ev, Mikhail Il'ich — Евстафьев, Михаил Ильич;
Media Size: 46.5x32.5
Poster Type: Lithograph
Printer: Mospoligraf (Moscow Polygraphic), Moscow
Printer Notes: In 1921, the Soviet Union formulated a plan to consolidate the nation’s largest and best printing operations into state-owned trusts. In 1922, the Mospoligraf Trust was organized to consolidate the Moscow printing industry. This printer's name, Rabochee Delo, means "the workers' cause" and the printer was under the management of Mospoligraf.
Publisher: Financial Publishing House
Publishing Date: c.1928
Publisher Notes: The People's Commissariat of Finance (Narkomfin, a.k.a. NKF) in its all-Union level was created in 1923. Narkomfin’s structure was based on the People's Commissariat of Finance of the RSFSR (Russian Soviet Federative Socialist Republic) that existed as early as 1917.
When the Bolsheviks seized power immediate action was taken against the Russian banking system. In November 1917, the Russian State Bank was dissolved and in its place was a new “People's Bank”. The Imperial Credit Chancellery and Department of the State Treasury became part of that new bank. In December 1917, the Nobles’ Land Bank and the Peasants’ Land Bank were closed. By January 1918, State loans and foreign loans were terminated, private insurance abolished—its firms placed under State control. By December 1918, joint-stock land banks, mutual credit agencies and public (metropolitan) banks were closed along with the eradication of municipal and regional credit societies. Foreign banks were also shuttered and the Russian central cooperative (Moscow People’s Bank) was nationalized. The process of financial nationalization was complete by 1919.
Print Run: 50,000
Glavlit Directory Number: A-17724
Sources: Baykov, A. (1947). The Development of the Soviet Economic System: An Essay on the Experience of Planning in the U.S.S.R. New York.
Catalog Notes: PP 721 Economy b; Sister Poster PP 696