Stalin’s five year plans did improve the Russian economy due to heavy industry increased the production of steel, iron, oil and coal. However, the five year plan was unsuccessful in terms of consumer goods and labour productivity. Additionally, the plans did not fully succeed in fulfilling Stalin’s targets for war preparation. Heavy industry was successful in improving the economy primarily due to the first three five year plans. Evidently, Industries like coal steel and iron grew enormously.
By 1910 this had grown to 505,675 – an eight-fold increase in just ten years. This was also matched with the growth of Labour MP’s in Parliament. The First World War interrupted any further electoral advance for the Labour Party until 1918 when in the ‘Coupon Election’ the party got 2,245,777 votes – just under 21% of the total cast with 57 MP’s elected. This growth in support was invariably at the expense of the Liberal Party. Conservative supporters stayed tolerably solid during this time and were not likely to change their support to the Labour Party.
Despite their inaccurate names (none of them actually lasted 5 years), these economic experiments laid the foundation for the emergence of the USSR as a world superpower. The first five year plan (1928-33) was primarily focused on heavy industry growth. Created by Gosplan, the targets were increased twice by Stalin. Each of these increases made the targets even more unrealistic. For example, of the four main parts of heavy industry; Coal, Iron, Steel and Oil, only the targets for oil production were met and exceeded by 1932.
Other than Witte the only Russian Leader to have made such a big of an impact on Russian industrialisation is Stalin and his five year plans. His time in power saw the narrowing of the gap between Russia and the west which surely was a sign that Russia was on the right path, but it’s important to remember the Wall Street crash of 1929 sparked a worldwide depression, which allowed Russia to catch up in a sense since the depression prevented the west from experiencing any type of growth. Since Industrialisation became a key focus point for each leader, a main issue which had to be dealt with was the creation of large population of inner city workers, who would primarily work in the cities. Before Witte’s Great Spurt the percentage of the population who were workers made up around 0.75% of the population, during and after his Great Spurt this figure rose to approximately 1.25%. This is in stark contrast to the west where the average percentage of the population in work was much higher.
Reagan’s policies reflected conservative politics and contributed to simulation of the economy in many ways. Reagan was one of the people that where involved with the Economic Recovery Tax act in 1981. The Economic Recovery Tax Act cut all income taxes by twenty five percent, and reduced the top income tax rate from seventy percent to fifty percent. In the beginning of the fall in 1982 the economy began a sixth straight mount growth due to the Economic Recovery Tax Act. This was the longest uninterrupted period of expansion since the government started keeping track in 1854.During this time fifteen million new jobs were created and just under twenty trillion dollars worth of good and services were produced.
For example, the University of Michigan had fewer than 10,000 students prior to the war, but in 1948 its enrollment was well over 30,000. Syracuse University also embraced the spirit of the Bill and saw its enrollment skyrocket from approximately 6,000 before the war to 19,000 in 1947. Another provision was known as the 52–20 clause. This enabled all former servicemen
INTRODUCTION Menzies had led a strong Liberal-Country party coalition to succeed in the general election on December 1949, and therefore becoming prime minister. During the period of 1949-1966, Sir Robert Gordon Menzies was the 12th longest serving prime minister and the 17th prime minister in Australia during his term as prime minister, Australia underwent notable economical advance. As the catastrophic days of World War II came to an end, the European and Asian population had a feat of expansion of communism. Menzies helped to improve the economy by building more factories which got people more jobs, he put high tariff to protect farmers. However, Menzies wasn't on the favoured side he made decisions that many people opposed from like the sale of pig iron.
The scheme got under way in July 1912 but benefits were not payable until January 1913. Compulsory for workers in certain trades susceptible to seasonal unemployment 2.3 million workers paid 2.1/2d per week, their employers paid a similar amount and the government 12/3d. In return these workers were entitled to unemployment benefit of 7 shillings per week payable for up to 15 weeks from the labour exchange. The unemployment insurance fund prospered and by 1914 it had a surplus £23 million in
began in 1935 and would last until 1943, employing 8.5 million people and spending $11 billion as it transformed the national infrastructure, made clothing for the poor, and created landmark programs in art, music, theater and writing” (Taylor, 2012). America's entry into the war in 1941 finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%. In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Most of the jobs available
In this essay I am going to look at these areas. By 1914 Russia is arguably seen to be on the path to progress, Its oil production was second in the world, its coal production had quadrupled, health services were established and was seen as the 5th largest industrial power. Stolypins’ land reforms had been passed and Russia’s agriculture was steadily modernising. However it is argued this was too little too late, Stolypins reforms would take at least 20 years to see a noticeable change he was assassinated in 1911 and the reforms lost momentum and, due to the beginning of the war, government funding lessened. War breaking out in 1914 meant the Russian economy had to change to be suitable for the Total war Russia was involved in.