Decling Economy Flashcards
What was the Czech economy looking like in the 1960’s ?
It was in serious decline
What did the decline in economy lead to ?
Decreased standard of living
What did the Soviet Union do to Czech production ?
Forced Czechoslovakian industry to produce raw materials such as steel for the soviet economy
However the Czech economy needed those raw materials
What did the Soviet Union do to Czech factories ?
Stopped them from producing consumer goods
How did Novotny try to counter act the declining economy ?
The new economic model in 1965 however this was unsuccessful since it produced a surplus of consumer goods that few could afford
How did the Czechoslovakian public react to the declining economy ?
Enraged many as they demanded greater democracy
What happens in October 1967?
A number of reforms such as Alexander Dubcek and the economist Ota Sik
Challenged Novotny’s leadership at a meeting of the central committee of the communist party
What happened in December 1967 ?
Dubcek invited Leonor Brezhnev , who was a soviet leader,to Prauge
Brezhnev was surprised by the amount of opposition