24.2 Economic condition of the Soviet Union Flashcards
What was Stalin’s influence in the late Russian economy?
+ What was a negative of Stalinist industry?
Stalin had created a broad industrial base; despite the war much had been done to rebuild that economy by 1953
+ it had been wasteful of resources
What were Stalin’s successors keen in regard to the economic condition of Russia?
+ What did a change in the fundamental elements of Russia’s economy do?
- Stalin’s successors like Khrushchev were in favour for moving resources away from heavy industry and more towards consumer goods and housing
- There was also a focus on new technology like nuclear weaponry perpetuating Russia’s military power
+ Changing fundamental elements of Russia’s centralised system however came with problems like bureaucracy
What was Khrushchev’s economic influence?
+ Was this successful overall?
- After 1953, productivity was encouraged without relying on increases in labour or the exploitation of resources
Khrushchev tried to decentralise institutions to incentivise productivity
+ Plans were not properly envisioned – real improvements relied upon the use of Virgin Lands whilst productivity had not really increased
What was the overall economic condition of Russia by 1964?
By 1964 there was still no solution to the major issue of how to sustain economic growth had been solved