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The First Five year plan- oct 1928- dec 1932

Priorities

Heavy industry at the expense of consumer goods(textiles & foods)

Successes

Economy grew 14% per year
Such a success ended a year early
Education reformed
Tremendous social mobility
Iron production increased by 2 mill tonnes between 1913 to 1932
Steel…

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Oil- 19m , 1932- 21.4m

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