State Industrial Sector
On 1 January 1954, the Soviet government turned over to the GDR thirty-three industrial concerns including the Leuna and Buna chemical works, and the GDR became the owner of all the enterprises in its territory.
Read more about this topic: Economy Of East Germany
Famous quotes containing the words state and/or industrial:
“For I have learned, in whatsoever state I am, therewith to be content.”
—Bible: New Testament St. Paul, in Philippians, 4:11.
“The clock, not the steam-engine, is the key-machine of the modern industrial age.”
—Lewis Mumford (1895–1990)