New York: Friends of the Soviet Union, 1932. First Edition. Premiere issue of this long-lived propaganda magazine, the official organ of the Friends of the Soviet Union (later called the Council of American-Soviet Friendship), a CPUSA front group. The magazine's intent was to contrast the prosperity of Soviet Russia under the Five Year Plan against the United States under capitalism during the Great Depression. Illustrated throughout with halftones, with contributions by Scott Nearing, Karl Radek, Max Bedacht, Henry Wadsworth Longfellow Dana, and others. GOLDWATER 263. Quarto (30cm); pictorial wrappers, stapled; 20pp; illus. Touch of wear to extremities, with a hint of toning along upper edge of front wrapper and two faint vertical creases; a bright, Near Fine example.