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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.
In terms of economic growth, the First Five-Year Plan was quite successful, especially in those areas emphasized by the Soviet-style development strategy. [7]: 40 During this Plan period, China began developing a heavy-industrial base and brought its industrial production above what it had been prior to war.
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 ...
The distinctive drawback inherent to the Stalinist model also manifested itself in China's planned economy. During the first five-year plan, the rapid industrialization disproportionately prioritized the defence and heavy industry, while the importance of civil and light industry was downplayed and rendered accessories. [57]
First five-year plan may refer to: ... (China) First Five-Year Plans (Pakistan) First five-year plan (Soviet Union) See also. Five-year plan (disambiguation)
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 ...
Industrial production as a result of the 5 Year Plans was also rapid. During the first 5 Year Plan for example, Cast Iron production reportedly saw a 188%, going from 3,300,000 tonnes to 6,240,000 tonnes a year. [42] In 1928, industrial output of electricity was 5,000,000,000 kW/h, rising to 13,000,000,000 kW/h by 1932, an increase of 270%.