The economic cost of the war

  • Created by: gemshort
  • Created on: 08-05-18 12:34

The war had a significant impact on economic progress in Russia

  • Soviet authorities claimed that WWII set the economy back by 10 years
  • Western economic analysts argue that WWII effectively wiped out the economic progress made during the first two Five-Year Plans

There was a significant decrease in economic production during the war

  • By January 1942,  German forces had gained control of 33% of Russia's industry and agriculture
  • Russian labour was being conscripted into the armed forces
  • In 1942, Russian industry was producing only 59% of its 1940 output
  • Grain production in 1942 was only 36% of that in 1940

Living standards diminished significantly

  • Electricity supplies to the general population were ended


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