Why did all but the textile mills in ivanova shut down after the soviet economic system collapsed?

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History

Karly Baxter

16 December, 20:24

Why did all but the textile mills in ivanova shut down after the soviet economic system collapsed?

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Answers (2)

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Asa Glass · Answer 1

The collapse of the Russian textile industry produced a great impact on the Ivanovo region and the unemployment and mortality rates were some of the highest in the country.

Explanation:

The mills employed about 70 percent of the local personnel and after the collapse of the Russian textile industry, about 10 textile mills had been closed and the unemployment grew on a large scale.

The main problem that the mills had to face was the lack of cash to purchase raw cotton, it was the essential material to produce the fabric.

Boston Hardy · Answer 2

One very general problem was the lack of incentives for productivity.