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All decades ›1980s›1988›May
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The Soviet Union Allowed Private Businesses to Affiliate with State-Owned Enterprises via the Law on Cooperatives

1988.05.26 ·Verified ·Importance III ·Sources 3 ·Soviet Union

The Soviet Union passed the Law on Cooperatives, allowing private cooperatives to operate under the umbrella of state-owned enterprises. This turned the floodgates for converting accounting currency into cash from the Communist Youth League to every factory director across the country.