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 The German Democratic Republic
Famous quotes containing the words state and/or industrial:
“... in every State there are more women who can read and write than the whole number of illiterate male voters; more white women who can read and write than all Negro voters; more American women who can read and write than all foreign voters.”
—National Woman Suffrage Association. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)
“The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.”
—Thorstein Veblen (18571929)