Successes and failures of the First Five-Year Plan

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Successes

  • Electricity production trebled; coal and iron output doubled; and steel production increased by one third
  • Engineering industry developed and increased output of machine-tools and turbines
  • Huge new industrial complexes were built
  • The Soviet economy was kick-started and there was impressive growth in certain areas
  • 1500 enterprises opened

Failures

  • Little growth in consumer industries
  • The Great Depression had driven down the price of grain and raw materials, so the USSR could not earn enough from exports
  • Small workshops were squeezed

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