Private company

Russian-American Industrial Corporation

Logo: Scanned by me from a publication of the RAIC, Report of the Directors and Financial Statement Submitted to Second Annual Meeting of Stockholders of the Russian-American Industrial Corporation, Feb. 26, 1924. New York: Russian-American Industrial Corporation, 1924., Public domain, via Wikimedia Commons3

Economic development venture

The Russian-American Industrial Corporation (RAIC) (Russian: Русско-американская индустриальная корпорация) was an international economic development venture launched in 1922 by the Amalgamated Clothing Workers of America in conjunction with the government of Soviet Russia.2 It was founded by Sidney Hillman.1 It ceased to exist in 1925.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1922Founded1
  • Industryclothing industry1

The Russian-American Industrial Corporation (RAIC) (Russian: Русско-американская индустриальная корпорация) was an international economic development venture launched in 1922 by the Amalgamated Clothing Workers of America in conjunction with the government of Soviet Russia. The corporation, mostly funded measure by small donations from sympathetic American union members, was conceived as a mechanism for the launch of new clothing factories to help alleviate the economic distress which had wracked the Soviet republic during the recently terminated era of Civil War and War Communism.2

The story

Founded by Sidney Hillman in 1922.1

Leadership

Who has led Russian-American Industrial Corporation, and when. Pick a name to see everywhere that person has worked.

Timeline

  1. 1925Dissolved Dissolved1
  2. 1922Founded Founded1