Changing Economic Priorities 1953-1985
- Created by: Alexmac333
- Created on: 21-01-19 11:10
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Changing Economic Priorities 1953-1985
Heavy Industry
- Investement in heavy industry fell in 1954
- Military spending was also cut byb 3% in 1958
- Central planning spread out into Sovnarkhoz
- Brezshnev increased military spending up to 13% from 11% in 1970
- Brezshnev increased oil production by 360 million tons from 1065 to 1980
- Seven Year Plan in January 1959
- led to a 60% increase in production of consumer goods
- Kosiygn Reforms under Brezshnev, stimulated light industry in 1968
- Under targets by 5%
- Synthetic fibre…
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