The Day Russia Deleted All Its Debt

Описание: What if a country could just decide to erase its entire national debt? In 1918, that's exactly what Russia did.

Following the Bolshevik Revolution, Lenin's new Soviet government repudiated all debts of the former Tsarist regime. This video explores the largest sovereign default in history, a move that wiped out billions in foreign investment overnight and isolated Russia from the global economy.

For years, investors, particularly in France, had poured money into Tsarist Russia. But the communists saw this as illegitimate debt from a deposed regime. With a single decree, they cancelled it all. Learn about the devastating impact this had on international investors and how it led to an "economic iron curtain" that would last for most of the 20th century.

Was this a revolutionary act of justice or the biggest theft in history?
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