Economy in the GDR

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When was the First Five Year Plan set up?
1951-55
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What did it focus on?
Nationalisation and People's Enterprises.
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What were the disadvantages?
Lack of consumer goods and production very high.
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When was Second Five Year Plan?
1956-59
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What was its focus?
Modernisation
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How did it do this?
50% partnerships.
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How successful?
Not viewed was by communist party because not following ideology
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When was seven Year Plan?
1959
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What was its aim?
Increased living standards
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What was this undermined by?
An attempt to raise productivity by 85%
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When was NES?
1963-68
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What was its slogan?
Mechanisation, modernisation, autonomisation.
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What did it focus on?
Science and less central planning
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What were issues?
Managers not experienced and no need to raise wages.
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When was the ESS put in place?
1968-71
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What were its aims?
More focus on consumer goods
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What problems?
Poor quality
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How did it improve GDR?
1970- Main trading partner and 5.75 increase.
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What policy was implemented in 1971?
'Unity of Social and Economic policy'
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What was introduced in 1972?
Semi private enterprises
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What consumer good became more available in 1980?
Washing machines
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How many people had them?
85%
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What was the issue with goods?
Unaffordable
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Other cards in this set

Card 2

Front

What did it focus on?

Back

Nationalisation and People's Enterprises.

Card 3

Front

What were the disadvantages?

Back

Preview of the front of card 3

Card 4

Front

When was Second Five Year Plan?

Back

Preview of the front of card 4

Card 5

Front

What was its focus?

Back

Preview of the front of card 5
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