Lahtirakendamine - Jaak Valge

Stabilization of the economy of the Republic of Estonia 1918-1924.

After the Tartu Peace Treaty was concluded, Estonia became an essential import and transit intermediary for Soviet Russia, as well as the main transfer center for finances going to Western countries for communist subversion. In the years 1920-200, approx. 4% of the entire world's national gold reserves were mediated through Estonia, in addition to platinum, diamonds, etc. Eesti Pank and the State Treasury earned huge sums from brokering the gold and valuables of the Bolsheviks. Unfortunately, they were wasted by the beginning of 1924. Eesti Pank had lent a large part of its funds to companies of top politicians oriented to the eastern market.

The collapse could only be avoided by state figures who were not burdened with corrupt loans and who did not have personal interests in Russia-oriented companies. It was they who started the stabilization of the economy, which ultimately led to disengagement from Russia.

Estonia's stabilization policy is compared in the book with the corresponding measures of other European countries.