On the Task of Creating a Financial History of the CPSU

О задаче создания финансовой истории КПСС

Belykh, Andrei A. (Белых, Андрей) (abelykh@inbox.ru)
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Belykh, Andrei A. (Белых, Андрей): Russian Presidential Academy of National Economy and Public Administration

Ekonomicheskaya Politika / Economic Policy, 2019, vol. 6, 116-135

Abstract: The article poses the task of creating a financial history of the Communist Party of the Soviet Union (CPSU). The Communist Party existed from 1898 to 1991. Though communists declared commitment to Marxism, which acknowledged the precedence of material factors over ideology and policy, the role of finances in the party’s history received little attention. After 1991, the situation in this field remained practically the same. The lack of scientific history generates mythology. The author demonstrates that one of such myths is the concept that the revolution of 1917 was a success thanks to the Bolsheviks having “German money”. The article analyzes the issue of Germany financing the Bolsheviks from the banking point of view. The existing hypotheses of how exactly the Bolsheviks were receiving money are considered. The main “anti-Bolshevik” version implies that finances were being transferred to the Bolsheviks under the guise of operations of an import/export firm, whose representative in Russia was Evgeniya Sumenson. The author investigates three cases which are of prime importance for all these hypotheses: Alexander Parvus’s money, the telegrams intercepted by the French counterintelligence, and the so-called “Sisson Documents”. Based on the analysis of the works of Russian and foreign historians and also on the published archive materials, the author concludes that all the documents currently available do not support the “anti-Bolshevik” version. Moreover, they prove that money movement was backwards: the proceeds from the sales of goods imported into Russia were transferred to Europe. Operations carried out by Sumeson were of a purely commercial nature and were quite in line with the banking practice of that period. The true financial history of the Bolsheviks and the CPSU as a whole is yet to be written. One of such successful investigations is John Biggart’s article on the Nikolai P. Shmit bequest.

Keywords: financial history; Bolsheviks; “German money” (search for similar items in EconPapers)
JEL-codes: N23 P24 P34 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1945

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