State Industrial Sector
On 1 January 1954, the Soviet government turned over to the GDR thirty-three industrial concerns including the Leuna and Buna chemical works, and the GDR became the owner of all the enterprises in its territory.
Read more about this topic: Economy Of The German Democratic Republic
Famous quotes containing the words state and/or industrial:
“Whoso taketh in hand to frame any state or government ought to presuppose that all men are evil, and at occasions will show themselves so to be.”
—Sir Walter Raleigh (1552–1618)
“The clock, not the steam-engine, is the key-machine of the modern industrial age.”
—Lewis Mumford (1895–1990)