CZECHOSLOVAKIA: Independent for a Day

Five years after the Communists seized power in Czechoslovakia in the name of the working class, the Czech workers got caught in one of the great swindles of modern times. They listened dazedly on May 30 as their masters proclaimed "currency reforms" wiping out most of their savings, repudiating the state bonds they had been forced to buy, and cutting their wages almost 70% (TIME, June 8). The next day they acted without plan, without leadership or premeditation. What they did will be long remembered.

The most complete report of what happened came not from the usual "well-informed sources" but from...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!