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In Karl Marx's utopian vision, there were to be no prices on products. All goods would be freely distributed; money would not exist, for there would be no need for it under communism. However, in the first nation that attempted to build a Marxist society, matters evolved quite differently. Commie Currency examines more than ninety examples of paper currency from Russia and the member states of the Soviet Union, from 1909 to 1999.

Twentieth-century imperial Russia was much stronger economically that later accounts would have it. She was able to raise capital for national...