Olga Vladimirovna Il’inykh,
Student, Novosibirsk State University, Novosibirsk, Russia, e‑mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Formation and Transformation of the Legal Status of Commodity Exchanges in 1921–1922 (On the Example of the Novonikolayevsk Commodity Exchange)
DOI: 10.31518/2618-9100-2023-4-1
The article describes formation and transformation of the legal status of commodity exchanges in 1921–1922 on the example of the Novonikolayevsk Commodity Exchange. It was found that the first Soviet commodity exchanges were created by local government agencies and cooperative institutions in the summer and autumn of 1921 in order to restore economic ties and improve commodity circulation. The Novonikolayevsk Commodity Exchange was established in February 1922 as a state organization under the Siberian Regional Bureau VSNKh. The regional authorities considered organization of the local trade and promoting their commercial interests to be the main tasks of the commodity exchange. The central authorities recognized the need to regulate the activities of exchanges only after The Ninth Congress of Soviets. The adoption of the decree “About Commodity Exchanges” by the Council of Labor and Defense on August 23, 1922 started the process of their unification. They were transformed into formally non-departmental public organizations. The priority for the central authorities in the course of exchange’s unification was to use them as a platform mainly for state wholesale trade. Commodity exchanges were supposed to control the commercial activities of state-owned enterprises with the help of accounting and collection of information about their trading operations. In December 1922, the Novonikolayevsk Commodity Exchange switched to a new charter developed by the Commission on Internal Trade. The author identifies the structure of the exchange in accordance with the standard charter. It included the supreme body (the general meeting of its members), the executive body (the exchange committee), the audit and arbitration commissions, brokers. Despite the process of unification, Novonikolayevsk Commodity Exchange retained a number of features, first of all, a relatively low qualification for membership in the organization. This made it possible for cooperative and private enterprises specializing in large retail trade to participate in the exchange’s management.
Publishing: 28/08/2023
The article has been received by the editor on 30/04/2023
How to cite: Il’inykh O.V. Formation and Transformation of the Legal Status of Commodity Exchanges in 1921–1922 (On the Example of the Novonikolayevsk Commodity Exchange) // Historical Courier, 2023, No. 4 (30), pp. 11–21.[Available online: http://istkurier.ru/data/2023/ISTKURIER-2023-4-01.pdf]
Links: Issue 4 2023
Keywords: commodity exchange; NEP; commercial activity; trade; Novonikolayevsk