Securing financial stability for consumer cooperation organizations in Bashkiria from 1947 to 1953

This article analyses the economic and financial activity of the consumer cooperation system in Bashkiria after the monetary reform of 1947. The main source of data was archive materials which were scientifically studied for the first time. On this basis an attempt was made to form a complex image of the financial recovery of consumer cooperation organizations in the free(r) trade environment without rationing. Achieving financial stability for the consumer cooperation system was of supreme importance as it was vital that those organizations be solvent for successful trade and the fulfillment of the plans for the turnover of goods. However, the consumer cooperation system took a long time to pay off overdue bills to suppliers and State Bank loans. The research shows that the consumer cooperation trading network increased the amount of unplanned excess goods and debts receivable. The consumer cooperation system failed to fulfil the savings plans; hence it could not charge its liabilities to the budget. The Central Union and The Consumers Union of Bashkiria developed measures for reaching financial stability, including increasing profitability and eliminating the causes of losses. There was steady growth in the collection of contributions. Ways were developed to combat the misuse of cooperative funds and illegal trading on credit. In many spheres savings were procured, and marketing expenditures fell significantly. The author concludes that on achieving financial stability, the consumer cooperation system was able to meet and surpass the planned figures for the turnover of goods.