The concept of the goods famine refers to excess demand (at prevailing prices) for industrial goods in the Soviet Union during the latter half of the 1920s. The importance of this excess demand can only be understood within the context of the New Economic Policy (NEP) of the 1920s and the underlying forces leading to excess demand. Specifically, the goods famine was an outgrowth of the Scissors Crisis and state policies relating to this episode.
Specifically, in the middle and late 1920s, the quicker recovery of agricultural production relative to industrial production meant that increases in the demand for industrial goods could not be met, an outcome characterized as the goods famine. State policy was ultimately successful in forcing a reduction of the prices of industrial goods. The concern was that a goods famine might drive rural producers, unable to purchase industrial goods, to reduce their grain marketings. This was viewed as a critical factor limiting the possible pace of industrialization.
The goods famine is important to the understanding of the changes implemented by Stalin in the late 1920s. Moreover, these events relate to economic issues such as the nature and organization of the industrial sector (e.g., monopoly power), state policies in a semi-market economy, and most important, the nature of peasant responses to market forces when facing the imperatives of an industrialization drive.
See also: agriculture; economic growth, soviet; industrialization, soviet; new economic policy; peasant economy; scissors crisis
Robert C. Stuart
"Goods Famine." Encyclopedia of Russian History. . Encyclopedia.com. (November 14, 2018). https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/goods-famine
"Goods Famine." Encyclopedia of Russian History. . Retrieved November 14, 2018 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/goods-famine
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.