Search results
Results From The WOW.Com Content Network
The first five-year plan (Russian: I пятилетний план, первая пятилетка) of the Union of Soviet Socialist Republics (USSR) was a list of economic goals, implemented by Communist Party General Secretary Joseph Stalin, based on his policy of socialism in one country.
Stalin announced the start of the first five-year plan for industrialization on October 1, 1928, and it lasted until December 31, 1932. Stalin described it as a new revolution from above. [12] When this plan began, the USSR was fifth in industrialization, and with the first five-year plan moved up to second, with only the United States in first ...
During the Second Five-Year Plan (1933–1937), on the basis of the huge investment during the first plan, the industry expanded extremely rapidly and nearly reached the plan's targets. By 1937, coal output was 127 million tons, pig iron 14.5 million tons, and there had been very rapid development of the armaments industry.
In 1928, the first five-year plan was launched by Stalin with a main focus on boosting Soviet heavy industry; [255] it was finished a year ahead of schedule, in 1932. [256] The country underwent a massive economic transformation: [257] new mines were opened, new cities like Magnitogorsk constructed, and work on the White Sea–Baltic Canal ...
Stalin's first five-year plan, adopted by the party in 1928, called for rapid industrialization of the economy. With the greatest share of investment put into heavy industry, widespread shortages of consumer goods occurred while the urban labour force was also increasing.
As the 1920s progressed, Stalin used his position to expel critics within the party and tightened his grip. Stalin's alliance with the party's right wing ended when Stalin decided to proceed with the First Five Year Plan, abandoning the New Economic Policy. [13] Stalin defeated his opponents within the party by 1928, ending internal power ...
In 1953, when China entered the first five-year plan period, the Chinese economy had improved and the Ministry of Finance still decided to include the fiscal surplus of the previous fiscal year as credit funds in the 1953 budget revenue to cover the current year's expenditures. As a result, budget expenditures were expanded and so was the size ...
The first source of tension in relations between Israel and the Soviet Union occurred on February 9, 1953 (four weeks before the death of Joseph Stalin), when the USSR severed relations with Israel. The USSR used a bomb incident against the Soviet Legation in Tel Aviv as an excuse to end relations and claimed that the government was responsible ...