Sunday, 3 January 2016

The Five Year Plan - the first

1928 - 1932

The Aim

The aim was to replace the capitalist NEP with a more communist system that would industrialise quicker.

It consisted of a series of targets set by Gosplan (a committee responsible for economic planning)

Results

  • Economy grew by 14% a year
  • "gigantomania" - quantity not quality
  • Failed to reach targets

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