The Scissors Crisis (Russian: Ножницы цен) was an incident in 1923 in the economy of the Soviet Union during the New Economic Policy (NEP), when there was a widening gap ("price scissors") between industrial and agricultural prices. The term is now used to describe this economic circumstance in many periods of history.
The Scissors Crisis (Russian: Ножницы цен) was an incident in 1923 in the economy of the Soviet Union during the New Economic Policy (NEP), when there was a widening gap ("price scissors") between industrial and agricultural prices. The term is now used to describe this economic circumstance in many periods of history.
Source: Wikipedia "Scissors Crisis" · CC BY-SA 4.0
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