Economic developments in 1950s

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  • Created by: elle1999
  • Created on: 01-02-17 17:56
How much did USSR take in reparations and which industries from East Germany?
20 billion, infrastructure.
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What kind of Socialist economics were implemented?
Central planning, People's enterprise.
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What problems did East Germany face?
25% of industry extracted, migration and loss of access to Ruhr.
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When was First Five Year Plan?
1951-55
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What were aspects of FFYP?
Nationalisation- 75% nationalised, heavy industry focus.
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What were issues with it?
Shortages of technology, lack of consumer goods. Targets too high.
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When was the Second Five Year Plan?
1956-59
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What did SFYP aim to do?
Modernise economy and improve living standards.
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What aims did it put in place?
50% partnerships, 1/3rd craft workers state control, 9% private, production co-ops.
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When did Seven Year Plan start and what did it aim to do?
1959, compete with FRG and plans targets increased by 200%
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When did voluntary collectivisation begin?
1952
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How much did crop production fall between 1960-61
30%
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Why was there opposition to Socialist economics?
Taxation rising, 1953 Church warned of Social unrest.
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Why was june Uprising caused?
Wanted to increase production by 10%
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What was consequence?
Allowed Ulbricht to solidify position
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What were results of Socialist economics
More women and full employment but wages lower than West.
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Card 2

Front

What kind of Socialist economics were implemented?

Back

Central planning, People's enterprise.

Card 3

Front

What problems did East Germany face?

Back

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Card 4

Front

When was First Five Year Plan?

Back

Preview of the front of card 4

Card 5

Front

What were aspects of FFYP?

Back

Preview of the front of card 5
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