Word: sovietizing
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Dates: during 1940-1949
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From loudspeakers in Soviet homes, parks, and on street corners the deep, resonant voice of Radio Moscow's ace announcer, Yuri Levitan, boomed bad & good news. Soviet citizens grew taut with strain as they listened to Levitan read a state decree. When he finished they erupted with grief or joy depending on the number of rubles each had hoarded under his mattress. The decree abolished: 1) 90% of all unbanked individual savings; 2) rationing of food and clothing...
Signed by the Politburo's Andrei Zhdanov, the decree was Soviet Socialism's drastic move to control inflation by issuing new money and setting up a system of pegged commodity prices to replace rationing...
This week Soviet citizens with unbanked rubles were required to exchange them for new money at the rate of ten old rubles for one new. By contrast, those who had banked their money got one for one on the first 3,000, two for three on the next 7,000, one for two on all above. The holders of government bonds were harder hit. They will get new bonds at one new ruble for three...
...Soviet citizens fervently hoped that the years ahead would prove him right, especially about the next to the last word...
...Moscow, famed Cineproducer Sergei Eisenstein took to the short waves to charge Hollywood with preaching "hatred of humanity and the Soviet Union, that great beacon of peace." Soliloquized Eisenstein reproachfully: "Can one remain an artist and not be impelled to arrest the hand which is sowing death...