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. President Reagan inflated the DOD budget. He wanted the Americans to be ready for a war just in case if one ever happened. President Regan also had plains for what he called the “star Wars.” His Plain was to make some kind of shield that would protect us from nuclear missiles. President Reagan also deregulated the lending restrictions for savings and loans.
How successful were Stalin’s industrial policies in developing the Russian economy in the years 1928-41 ? During the first five year plans Stalin focuses on developing the countries economy as a means to turn the Soviet Union into a modern world power and to improve the living standards of all Soviet citizens. Later in the period Stalin focusses on establishing Russia as a world power through strengthening Russia’s military power. In order to achieve this, Stalin believed in collectivisation and industrialization. By collectivizing and industrializing the agriculture and industries.
In spite of all these changing times and circumstances, the tension between the upper and lower classes remained tenser than ever before, building up under the fabric of society. Russian became industrialized during the 1930's when Joseph Stalin instituted a series of what he called “five year plans". The plans were designed to rapidly increase the industrial capacity of the Soviet Union and change it from an agrarian economy to an industrial one. The plans succeeded and Russia did become an industrialized nation. Prior to the “five year plans”, Russia had mostly a peasant farming economy.
Part A: When we refer back to the 1970s, most people generally think of punk rock, lava lamps, and the hippie movement. However for the economy, it was a devastating economic decade of stagflation, a three day week and the return of unemployment. During this time period according to Dollar and Sense, “From the late 1940s to the early 1970s, the U.S. economy grew at an average annual rate of nearly 4%. The annual unemployment rate only exceeded 6% twice in the 25 years between 1949 and 1973. The annual inflation rate, too, only topped 6% twice, and was actually under 2% for 14 of the 25 years in this period.
* Series of targets drawn up by the State Planning Committee, very extensive but the officials who set the targets had only a sketchy knowledge of the factory they were dealing with. * Continually revised during operation. * Ambitious plans made in 1927 and revised upwards in 1932 by Stalin. Each plan was unrealistic; Alec Nove argues that they aren’t even plans, as economic plans are drawn up by carefully matching the raw materials to production and production consumption. Production was demanded with no clear idea of how it should be achieved or what the materials should be used for.
The textile industry grew rapidly from 8,000 spindles in 18008 to 31,000 in 1809, and 80,000 in 1811. The United states became a major industrial nation by 1860. However except for textiles, leading U.S. Industries did not widely use the industrial processes. Industries such as iron and steel did not apply new manufacturing techniques on a large scale in the U.S. Until the final third of the nineteenth century. Industry had diffused to other parts of the world during the twentieth century, including, Japan ,
The first five year plan was inducted between October 1928 and December 1932 and the emphasis was on heavy industries such as coal, oil, iron and steel. The successes included electricity production being trebled, resource output was doubled, the engineering industry was developed with increased overall output of machinery, tools etc and huge new industrial complexes were built that harboured the ground for these ideas and innovations to become a reality. Weaknesses were apparent such as limited growth and even a decline in consumer industries such as house building and food processing. Small workshops were squeezed out partly because of the drive against Nepmen and the shortages of materials and fuel. The collectivisation of agriculture provided Stalin with the idea that further industrial growth was necessary in order to fuel the country’s economy and diminish the burden of Russia’s backwards nature.
Together, they created the Trans-Siberian Railway improving the infrastructure and mobility of the country. Much like Alexander III, Stalin focused heavily on industry and increased the output by doubling the track size of the railway infrastructure. Therefore, there were big increases in coal production during the tsarist period where 26.8 million tonnes were produced in 1910 compared to 3.2 million in 1880. Furthermore, the communists enjoyed similar booms in pig iron – 116,000 tonnes in 1921 compared with 2.4 million tonnes in 1926. It is questionable as to whether these improvements directly affected the urban workers, as there was little reward of their hard work.
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.
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.