What was the name of the economic plan instituted by the Soviet Union that aimed at rapid industrialization?

Get ready for your Advanced World History Exam with engaging flashcards and comprehensive multiple-choice questions. Each question includes helpful hints and explanations to enhance your study experience. Boost your confidence and ace your exam!

The economic plan aimed at rapid industrialization in the Soviet Union is known as The Five-Year Plans. This initiative was introduced by Joseph Stalin in the late 1920s, marking a significant shift in the Soviet economy towards heavy industry and collectivization of agriculture. The primary goal of the Five-Year Plans was to increase industrial output and reduce the country’s dependence on agricultural production. The plans laid out specific targets and goals to be achieved within five-year intervals, focusing on sectors such as steel, coal, machinery, and military production.

The Five-Year Plans are considered a pivotal moment in the Soviet Union's transformation into a major industrial power and were central to Stalin's broader strategy of economic development that sought to modernize the country rapidly. The emphasis on heavy industry came at the expense of consumer goods and resulted in significant social and economic changes within Soviet society during this period.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy