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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.
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 ...
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. [40] 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%.
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 ...
First five-year plan may refer to: First five-year plan (China) First Five-Year Plans (Pakistan) First five-year plan (Soviet Union) See also.
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.
While collectivization did not meet with much success, industrialization during the Great Break did. Stalin announced his first Five-Year Plan for industrialization in 1928. The goals of his plan were unrealistic – for example, he wished to increase worker productivity by 110 percent.
For a plan period (in detail for one year and in lesser detail for a five-year plan) Gosplan drew up a balance sheet in terms of units of material (i.e. money was not used as part of the accounting process). The first step in the process was to assess how much steel, cement, wool cloth, etc. would be available for the next year.