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The Golden Age of Capitalism

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The main capitalism in the period from 1945 to 1965 was the capitalism which holds 90 percent of the economy. It settled in the field of oil, gas and mining industry and is driven mainly by foreign investors working in Kazakhstan under the agreement directly by the Government. Their work is often not regulated as local laws and legal acts, as a special arrangement with the higher authorities in the state. In Kazakhstan, they look like the branches of capitalist development in the most adapted to their needs and wishes of the developing country. Today the consumer civilization of Kazakhstan looks this way, while its real economy is largely under the first capitalism of foreign investors.

In the second half of the XIX century Kazakhstan's economy has undergone the most significant changes: this period in the development of capitalism, Russia captured huge territory of Kazakhstan and helped to accelerate the growth of commodity-money relations and the emergence of the capitalist system. Thus, the advent of the commercial and financial capital facilitated the penetration into the economic system and social relations of the Kazakh village of capitalist relations. The main bank in Kazakhstan at the end of the XIX century was a state that had its own branch in Uralsk, Petropavlovsk, Semipalatinsk, Omsk, etc. The largest number of credit institutions was in the Akmola region. Also in Kazakhstan were 7 branches of the Siberian Trade Bank, the second place was the Russian Commercial and Industrial Bank, which had 5 compartments. According to the amount of loans in the first place was a trade in cattle and meat, the second - the bread - the third "mixed" products.

The development of capitalist relations has had a significant impact on the development of trade. The Russian commercial capital penetrating into the most remote areas of the region, more closely linking the local pastoral economy with the markets of Russian, Central Asia and Western Europe. The main object of trade remained cattle. From Akmola, Karkaraly, Sarysu annually in the Russian distilled to 60,000 head of cattle and up to 200,000 head of sheep. In addition, Kazakhstan has become the export of grain, grain flour. Major centers of trade in grain began to Uralsk, Orenburg, Semipalatinsk, where the bread were brought out Kustanai, Aktobe, Ural, Turkestan countries. Part of bread exported to Fergana, Tashkent and Bukhara.

Taking into the account the profitability of export sales and the adjacent areas of bread, local capitalists to invest precisely in the milling industry, this reached the highest concentration of capital at the beginning of the XX century.


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