Economic Priorities Change 1928-64

Question 1

Stalin heavy industry

Answer 1

• 1927-40 steel 4m to 18.3m tons, coal 35.4 to 165.9m tons
• Productivity gains 1936-40 eg electricity 51%
• 4th 5yp 88% investment in industry

Question 2

Stalin + K military

Answer 2

• WWII less industry, 2/3 1940 levels in 1945
• WWII military spending over 60% GDP
• Cold War military spending 11% GDP 1964

Question 3

K agriculture

Answer 3

• 1954 ag. quotas reduced, 250% higher incomes 1952-56
• Investment 1954-59 3%-12.8% GDP
• 1953-58 Virgin Lands Scheme, 1958 Corn Scheme