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:
“Once, when lying in bed with no paper at hand, he began to sketch the idea for a new machine on the back of his wife’s nightgown. He asked her if she knew the figure he was drawing. “Yes,” she answered, “the figure of a fool.””
—For the State of New Jersey, U.S. public relief program (1935-1943)
“Coal is a portable climate. It carries the heat of the tropics to Labrador and the polar circle; and it is the means of transporting itself whithersoever it is wanted. Watt and Stephenson whispered in the ear of mankind their secret, that a half-ounce of coal will draw two tons a mile, and coal carries coal, by rail and by boat, to make Canada as warm as Calcutta, and with its comfort brings its industrial power.”
—Ralph Waldo Emerson (1803–1882)