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The currency reform in Czechoslovakia in 1953
Stromšík, Jakub ; Kuklík, Jan (advisor) ; Rákosník, Jakub (referee)
Resumé The Currency Reform in Czechoslovakia in 1953 The currency reform in Czechoslovakia in 1953 was significant because of many reasons. People lost their long-term savings, they understood the reform as theft of their honestly earned money. Communist propaganda could not change the people's feelings. The confidence in bank savings and life insurance was undermined. The result of the currency reform was cancellation of rationing but in fact the standard of living of Czechs and Slovaks dropped. In centrally controlled economy it was impossible to overcome the supply problems, which played into the hands of the shadow economy. Old-age and disability pensioners were also in difficult financial situation because they lost their income from their bound deposits and life insurance. The biggest group affected by the currency reform was labour class. That was the reason why the planned increase in industrial production failed. The monetary reform was a necessary condition for the continuation of extensive development of heavy industry, in the coming years to allow increased investments in this sector. Further, there have been general assumptions, that the corporate debts would be removed, however in contrary the debts substantially increased. Bankruptcy was unthinkable for many political reasons, and loans were...
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Representation of the 1953 Currency Reform in Czechoslovakia in the Official Media
Procházka, Aleš ; Bednařík, Petr (advisor) ; Knapík, Jiří (referee)
Aleš Procházka Abstract Representation of the 1953 Currency Reform in Czechoslovakia in the Official Media The main goal of this paper is to analyze and summarize the way the 1953 currency reform in Czechoslovakia was represented in the official media. The method that was used was an analysis of articles in several selected newspapers from relevant months of 1953 and comparison of obtained data to contemporary historical findings. The newspapers analyzed were Slovak newspapers Pravda and Práca and Czech newspapers Rudé právo, Pilsner Pravda and Svobodné slovo. The thesis consists of three sections, covering situation in Czechoslovakia before the currency reform took effect, the newspaper analysis and the description of reactions of citizens to the currency reform. One of the secondary goals of this thesis - that is, to find out whether the citizens of Czechoslovakia could anticipate and prepare for the impact of the currency reform in 1953 - has proven conclusive, granted that the reader has an access to more than one newspaper. Perhaps the most decisive evidence was the announcement of changes in the salary payout system, which was publicized in the beginning of May. The other secondary research goal of the thesis was to analyze the differencies in representation of the currency reform in Czech and Slovak...
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The currency reform in Czechoslovakia in 1953
Stromšík, Jakub ; Kuklík, Jan (advisor) ; Rákosník, Jakub (referee)
Resumé The Currency Reform in Czechoslovakia in 1953 The currency reform in Czechoslovakia in 1953 was significant because of many reasons. People lost their long-term savings, they understood the reform as theft of their honestly earned money. Communist propaganda could not change the people's feelings. The confidence in bank savings and life insurance was undermined. The result of the currency reform was cancellation of rationing but in fact the standard of living of Czechs and Slovaks dropped. In centrally controlled economy it was impossible to overcome the supply problems, which played into the hands of the shadow economy. Old-age and disability pensioners were also in difficult financial situation because they lost their income from their bound deposits and life insurance. The biggest group affected by the currency reform was labour class. That was the reason why the planned increase in industrial production failed. The monetary reform was a necessary condition for the continuation of extensive development of heavy industry, in the coming years to allow increased investments in this sector. Further, there have been general assumptions, that the corporate debts would be removed, however in contrary the debts substantially increased. Bankruptcy was unthinkable for many political reasons, and loans were...
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