Economy of The German Democratic Republic - State Industrial Sector

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:

    The structure was designed by an old sea captain who believed that the world would end in a flood. He built a home in the traditional shape of the Ark, inverted, with the roof forming the hull of the proposed vessel. The builder expected that the deluge would cause the house to topple and then reverse itself, floating away on its roof until it should land on some new Ararat.
    —For the State of New Jersey, U.S. public relief program (1935-1943)

    The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.
    Thorstein Veblen (1857–1929)