The twentieth century has entered Lithuanian history as a period of important political events, not only the winning, loss, and restoration of its statehood but also its rapid industrialisation. Unlike Western Europe, where the birth of the modern political nation coincided with intense industrial development, Lithuania's industrialisation was late, occurring under the conditions of the Soviet occupation and annexation. Industrial management is important as one of the areas of knowledge about the economic and social life that allows the structure, nature, and historical development of Lithuania's economy to be revealed.