The Plan was successful, but it wasn t a resounding success, this is because although the industry and economy grew, the USSR did not complete the targets they had aimed for in the First Five-Year plan. The successes of the First Five-Year are all long-term successes.
Successes of the first five-year plan
Although many of the goals set by the plan were not fully met, there were several economic sectors that still saw large increases in their output. Areas like capital goods increased 158%, consumer goods increased by 87%, and total industrial output increased by 118%.
The First Five-Year Plan was declared a success by Stalin in 1932, about 10 months earlier than planned, having exceeded the production goals for heavy industry. In spite of these declarations of success, the plan failed to meet all the quotas and had an enormous human toll.
During the planning period, the highest growth rate was achieved during the 10th five years plan. Five Years Plan: The Indian economy has been focused on the concept of economic planning since 1947.
Economic activity was pushed in the direction of heavy industries, which lead to a 350 percent increase in output, in a bid to prepare Russia for an industrialised war. The first Five Year Plan also had a revolutionary effect on society, as millions left the farms to pursue new lives in the cities.
Through this plan, Stalin's efforts to bring more people into the industry was successful, thus allowing the number of workers of double, resulting in massive increases in the production of capital goods. This then enabled the USSR to become one of the world's greatest industrial powers.
In 1928 Stalin introduced an economic policy based on a cycle of Five-Year Plans. The First Five-Year Plan called for the collectivization of agriculture and the expansion of heavy industry, like fuel extraction, energy generation, and steel production.
From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared. Stalin's first five-year plan helped make the USSR a leading industrial nation.
As a result of the first Five-Year Plan, coal production increased by 84%, oil by 90%, steel by 37%, and electricity by 168%. However, there was a decline of agricultural production. Millions of farmers died in the resulting famine, and hundreds of thousands were imprisoned in labor camps (gulags).
According to me, the Five-Year plans were not the best way to move the Soviet economy forward. Although the plans were more or less successful in meeting the goals that they set out and increased both industrial and agricultural output, we cannot ignore how they achieved those goals.
Third Five Year Plan was a failure due to India-China war followed by Indo-Pakistan. Third Five Year Plan (1961-66) aimed to make India's economy 'self-reliant' and 'self-generating'. It has faced a lot of political and economic crisis.
Ultimately, the goal of career planning is not to have a step-by-step plan, but to maximize the opportunities for you to learn and to be in the right mindset to take advantage of opportunities as they come. In other words, it's all about putting yourself out there, trying new things, and creating your own luck.
Others interpret setbacks as a sign that they're a failure and give up. The result is the same: They stay stuck. You can move forward confidently in your career without a five-year plan. You can still be successful while doing it from a place of agility and resiliency, not pushing and forcing.
Out of the 12 Five-Year Plans that were implemented, seven failed to achieve their target. The reasons for this failure include shortage of resources and faulty implementation of plans.
Despite the initial plans, collectivization, accompanied by the bad harvest of 1932–1933, did not live up to expectations. Between 1929 and 1932 there was a massive fall in agricultural production resulting in famine in the countryside.
Although economic growth during the 13th FYP was hampered by the severe downturn cause by COVID-19, excluding 2020, China's growth in 2016-2019 still only averaged 6.6%, barely meeting the growth target. Economic reform agenda of the 14th FYP resemble the 2013 Third Plenum's reform program.
The Plan was overall a great success: The national economy maintained a stable rate of growth. The average annual growth rate for industrial and agricultural products was 11%.
Why was Joseph Stalin's first Five-Year Plan considered a success, even though it did not meet the quotas he set? The economy still made sizable gains. Which best explains why the Great Leap Forward hurt China's economy? The changes meant farms could no longer produce enough food.
'Enemies of the 5-Year Plan' by Viktor Deni 1931, Soviet propaganda targeting landlords, kulaks (wealthy farmers), journalists, capitalists, White Russians (anti-communists), Mensheviks (moderate socialists), priests, and alcoholics.
In the Soviet Union the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods.
In all, there were thirteen Soviet five-year plans. The first ran from the autumn of 1928 to 1933; at that time the accounting year began in October with the end of the harvest. The third plan (1938-1942) was interrupted in mid-1941 by World War II. Five-year planning began again with the fourth (1946-1960).
Stalin called for an "atheist five year plan" from 1932 to 1937, led by the LMG, in order to eliminate all religious expression in the USSR. It was declared that the concept of God would disappear from the Soviet Union.
They argue that although excessively brutal, Stalin's policies allowed Russia to develop a strong modern economy that sustained a successful war effort in 1941-1945 and propelled the Soviet Union into a dominant power after WWII.
Harsh measures—including land confiscations, arrests, and deportations to prison camps—were inflicted upon all peasants who resisted collectivization.