The Council for Mutual Economic Assistance, known as COMECON, was an economic organization of communist states, led by the Soviet Union. It was founded in Moscow in January 1949 as a response to the American Marshall Plan, with Bulgaria, Czechoslovakia, Hungary, Poland, Romania and the Soviet Union as the first members. Later East Germany, Mongolia, Cuba and Vietnam also joined. It coordinated trade and planning among the planned economies, using an accounting unit called the transferable ruble, but it was dominated by Soviet interests and never achieved real integration. After the collapse of communist governments in Eastern Europe, it was disbanded in 1991.
Before and after
- 1949Academy Award for Best Costume Design
- 1949Publication of The Second Sex
- 1949North Atlantic Treaty
- 12 January 1949Birth of Haruki Murakami
- from 25 January 1949 to 28 June 1991Founding of COMECON
- March 1949Construction of Uniqlo
- 19 March 1949Birth of Valery Leontiev
- 4 April 1949Founding of NATO
- 8 April 1949Establishment of Plitvice Lakes National Park
More in Society, economy & sport
- 1945Founding of International Court of Justice
- 27 December 1945Founding of World Bank
- 14 September 1960Founding of Organization of the Petroleum Exporting Countries
- 8 December 1991Founding of Commonwealth of Independent States
- 1 January 1995Founding of World Trade Organization
- 4 February 2004Founding of Facebook
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.