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Because of the success made by the first plan, Stalin did not hesitate with going ahead with the second five-year plan in 1932, although the official start date for the plan was 1933. The second five-year plan gave heavy industry top priority, putting the Soviet Union not far behind Germany as one of the major steel-producing countries of the ...
In 1928, the first five-year plan was launched by Stalin with a main focus on boosting Soviet heavy industry; [256] it was finished a year ahead of schedule, in 1932. [257] The country underwent a massive economic transformation: [258] new mines were opened, new cities like Magnitogorsk constructed, and work on the White Sea–Baltic Canal ...
Stalin's version of the five-year plan was implemented in 1928 and took effect until 1932. [ 2 ] The Soviet Union entered a series of five-year plans which began in 1928 under the rule of Joseph Stalin .
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%.
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.
In the late 1920s, Joseph Stalin took the economy in the opposite direction, beginning a successful period of full-scale socialist industrialization in his first five-year plan for a Soviet economy that was still over 80% composed by the private sector, with plans to shed all vestiges of the free market. [8]
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.
Stalin in December 1932 declared the plan success to the Central Committee since increases in the output of coal and iron would fuel future development. [8] 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 ...