Economic developments in 1950s 0.0 / 5 ? HistoryCold WarA2/A-levelEdexcel Created by: elle1999Created on: 01-02-17 17:56 How much did USSR take in reparations and which industries from East Germany? 20 billion, infrastructure. 1 of 16 What kind of Socialist economics were implemented? Central planning, People's enterprise. 2 of 16 What problems did East Germany face? 25% of industry extracted, migration and loss of access to Ruhr. 3 of 16 When was First Five Year Plan? 1951-55 4 of 16 What were aspects of FFYP? Nationalisation- 75% nationalised, heavy industry focus. 5 of 16 What were issues with it? Shortages of technology, lack of consumer goods. Targets too high. 6 of 16 When was the Second Five Year Plan? 1956-59 7 of 16 What did SFYP aim to do? Modernise economy and improve living standards. 8 of 16 What aims did it put in place? 50% partnerships, 1/3rd craft workers state control, 9% private, production co-ops. 9 of 16 When did Seven Year Plan start and what did it aim to do? 1959, compete with FRG and plans targets increased by 200% 10 of 16 When did voluntary collectivisation begin? 1952 11 of 16 How much did crop production fall between 1960-61 30% 12 of 16 Why was there opposition to Socialist economics? Taxation rising, 1953 Church warned of Social unrest. 13 of 16 Why was june Uprising caused? Wanted to increase production by 10% 14 of 16 What was consequence? Allowed Ulbricht to solidify position 15 of 16 What were results of Socialist economics More women and full employment but wages lower than West. 16 of 16
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