AZERBAIJAN IN THE ECONOMIC LIFE OF THE PEOPLES OF THE NORTH CAUCASUS (OIL INDUSTRY: EMERGENCE, DEVELOPMENT AND TRANSFORMATION)
In the second half of the XIX early XX century in Azerbaijan and the North Caucasus the infrastructure was developed in a fast pace, the local natural resources were mastered, the new cities as economic industrial centers with promising economic prospects appeared. Under the influence of historical processes and events (First World War, Revolution of 1917, Civil War) that shook Russia the oil industry has evolved from the rapid growth to recession.