Financial policy of Ukraine at the beginning of the 20th century

Abstract

The article examines the role of financial policy in the economy of Ukraine at the beginning of the 20th century, as the main tool for supporting its financial potential in the conditions of military conflict, in which our state was constantly in after leaving the empire. The methodological basis of the work is general and special methods of scientific research and cognition, including methods of theoretical generalization, synthesis and analysis, comparison, modeling, etc. Scientific articles and monographs of many domestic scientists were used as the main information base, in particular the works of P.Gai-Nyzhnyk, V.Polishchuk, O.Kopylenka and M.Kopylenka, O.Mironenko and others. The study of the financial component of the short-lived functioning of the Ukrainian state at the beginning of the 20th century is an actual scientific and practical task. In particular, the mistakes of the governments of Ukraine at that time, including those in the financial area, led to the state existing for only four years. The geopolitical situation at the beginning of the 21st century looks similar to the one that happened hundred years ago, because today Ukraine is again involved in a conflict with an aggressive eastern neighbor, which again threatens to destroy its sovereignty. The study of achievements and mistakes of the financial policy of the governments of the Ukrainian state at the beginning of the 20th century is an opportunity for modern scientists to analyze their activities with the aim of creating a reliable long-term financial policy for today and for the future, taking into account modern trends and technologies. The study of the financial policy of the governments of Ukraine during the time of the Central Rada, the Hetmanate and the Directory makes it possible today to correctly assess the threats and risks facing the state in a new military conflict «to exhaustion», to apply the right tools to support domestic business and the stability of its own currency, to mobilize its own financial resources and the economy as a whole for their own survival.

Keywords

• hetmanate
• directory
• central rada
• financial policy
• finances
• military conflict