In 1874, Władysław Dominik Grabski was born. In the years 1883-1892, he was a student at the 5th Philological Gymnasium in Warsaw, where he participated in meetings of secret self-education circles, being influenced by socialist thought. In 1892, he began his studies in Paris. Until 1894, he was a student at the École des Sciences Politiques. At the same time, he studied history and economics at the Sorbonne. In the years 1895-1896, he completed an agricultural internship in Wola Trębska. Then he spent a year in Halle, where he studied agronomy. In 1897, the death of his father forced Władysław to return to Poland. He settled on the family estate in Borów, where he conducted economic, social and scientific activities, dealing mainly with rural issues. In 1899, he founded an agricultural experimental station near Kutno, which was the second of its kind in the Kingdom of Poland. In 1901, he founded the Spójnia cooperative factory, and in 1903, the second peasant agricultural circle in Poland, Jutrzenka, in Bocheń near Łowicz, as well as one of the first dairy cooperatives. In 1904, he organized and for a period led the Land Reclamation Society in Warsaw. In 1905, he founded the first peasant cooperative in the Kingdom of Poland, the District Agricultural Society in Łowicz. He also created cooperative funds for peasants, supported agricultural schools, and in his hometown of Borów, he sponsored an illegal Polish-language school for peasant children. In the years 1905-1912, he was elected three times as a deputy of the Warsaw region to the Russian State Duma on behalf of the right wing. During World War I, he was imprisoned by the Germans. In 1918, he took over as Minister of Agriculture in J. Świerzyński's cabinet. In the period from 23 June to 24 July 1920, he served as Prime Minister, and then in various state functions. On 19 December 1923, he became the head of the extra-parliamentary government. He was the author of the currency reform of 1923. He developed the act on the repair of the treasury and currency reform, which consisted of eliminating the deficit of the Polish State Railways, two ministries and stock exchange intervention. As a result, the budget was balanced, the private Bank of Poland was established and the old currency of the Polish mark was exchanged for the złoty at a rate of 1.8 million Polish marks to 1 złoty. The downside was the burden on private capital, and as a result, through an increase in taxes, a decline in the economic situation and an increase in unemployment. This was the cause of the return of inflation and the resignation of the Grabski government. After his resignation, Władysław took up scientific work at the Warsaw University of Life Sciences. Władysław Grabski died in 1938 in Warsaw.
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