USSR: Topic 2 - Economy Flashcards
October 1917
Decree on Land
Decree on Land (2)
Estates belonging to the Church and aristocracy were broken up
Peasants could own the land they worked
March-June 1918
State Capitalism
Vesenkha (2)
The Supreme Soviet of the National Economy
A group of economic experts that ran all nationalized industries by coordinating economic production and setting targets
July 1918
Introduction of War Communism
War Communism (4)
A set Communist economic measures that ensured:
High levels of industrial production
Efficient allocation of workers
Enough agricultural production to feed the Red Army and then the working population
1918: working day
11 hour working day
16-50 years of age
Compulsory working age in 1919
3 million –> 1.2 million
The decline in the industrial workforce between 1917-1922
Gross industrial output: 1913-1920
1913 Index: 100
1920 Index: 31
60%
The percentage of food that came from the black market
1921 harvest
46% less yield than the 1913 harvest
March 1921
Introduction of the New Economic Policy (NEP)
NEP
An economic policy that turned the USSR into a mixed economy with a free market agriculture sector and a nationalized industrial sector
Grain production: 1921-1926
1921: 37.61 million tons
1926: 76.80 million tons
Scissors Crisis
Uneven economic growth caused by a gap in the low incomes of farmers and high price of industry meaning there was no incentive for farmers to keep producing large quantities of grain
Nepmen
Salesmen who profited immensely by selling desirable goods from factories or farms at black markets
Dictatorship of Industry
Forced agricultural collectivisation in order raise funds for rapid industrialisation
First Five-Year Plan
October 1928-December 1932
January 1933-December 1937
Second Five-Year Plan
Third Five-Year Plan
January 1938-June 1941
Gosplan
The Vesenkha under Stalin; a central economic agency that formulated production targets for every factory, mine and workshop
Steel production: 1927-1940
1927: 4.00 million tons
1940: 18.30 million tons
Moscow Metro
First lines opened in 1935