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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 ...
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%.
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.
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's first Five year Plan (1929–1933) was a colossal failure. Soviet population declined after 1933, and would see modest growth until 1936. [55] The figures suggest a gap of about 15 million people between anticipated population and those that survived the five-year plan. [55]
Stalin believed that creating a socialist society was achievable in the Soviet Union without aid from outside sources or capitalist ideology. Backed by Stalin's Bolshevik-leaning ideology, he believed there was no need to build a basis of capital upon communism and implemented the first five-year plan. [3]
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. [9]
Five-Year Plans of Ethiopia; Five-Year Plans of India, which existed from 1947 to 2017; Five-Year Plans of Nepal; Five-Year Plans of Pakistan, centralized economic plans and targets as part of economic development initiatives; Five-Year Plans of Romania, economic development projects in Communist Romania, largely inspired by the Soviet model ...