The Fifth Five Year Plan (1951-55)

Question 1

Why was the plan likely to be unsuccessful from 1951 until towards the end of 1952?

Answer 1

The 5th Five Year Plan wasn’t even drafted until the end of 1952 - had to start without a plan.

Question 2

What were the main features?

Answer 2

Aimed to continue increasing industrial growth, but at a slower more realistic rate.

Question 3

How could the Government’s spending helped/ hindered achieving aims of 5th FYP?

Answer 3

Cold War - increased military spending - growth in other areas less impressive.
Large amounts of money spent on grandiose projects e.g. VOLGA DON CANAL which was decorated with states of Stalin - little economic value.

Question 4

Successes of 5th FYP?

Answer 4

Performance of industry in immediate post - war period = impressive.
1948 onwards - living standards increased.
Price reductions eased.
From 1952 - wages for urban workers reached level of 1928.

Question 5

Failures of 5th FYP?

Answer 5

Consumer goods neglected.