The five-year plans regulated economic life: production, trade, services, prices incomes and expenses. The first five-year plan was from 1928 to 1933; the second from 1933 to 1938. The main goal of the plans was to develop heavy industry (as the Soviet Union separated itself from all the other countries being the only Communist country). This forced industrialisation was produced at the expense of other sectors of economy: agriculture, infrasrtucture and light industry. A military strengthening was also aimed. All sources were to support mining, heavy industries, and energy production. From the beginning, the plans were unreal and the unfulfilled production was punished. It eliminated the motivating effects of market economy. Workers' salary was kept low, consumption was discouraged. The achievements were enormous: the number of factories increased 4 times, electricity generated increased by 800 percent, and steel production increased 500 percent. The USSR was becoming the major industrial power. Meanwhile, as the economic policy concentrated on heavy industry and armament, millions of people died of hunger all around the country.
ECOWAS (Economic Community of West African States) was established on May 28, 1975. Its primary objective is to promote economic integration and cooperation among its member states in West Africa.
The State of the Nation Address (SONA) is an annual speech delivered by the President of a country to report on the current political, economic, and social situation of the nation, as well as highlight the government's accomplishments, plans, and priorities for the coming year. It is often delivered in a joint session of the country's legislature.
International Day of Families is celebrated on May 15th each year. It aims to promote awareness of issues relating to families and to increase knowledge of the social, economic, and demographic processes affecting families globally.
The Maypole is a symbol of fertility and community celebrations. It is often used in traditional folk festivals to mark the arrival of spring, with people dancing around it while holding colorful ribbons that are intertwined around the pole.
Joseph Stalin started the Five Year Plans.
failures of five year planning in india
Joseph Stalin started five year plans to modernize Russia.
Stalin
The Five-year plans originated in Soviet Russia in late 1920s and were later embraced by China, India and other countries.
Joseph Stalin reversed Lenin's New Economic Policy and instituted the Five Year Plans.Joseph Stalin began the Five-Year Plans.
Five-Year-Plan
economic development
M.Visweswarayya
Increase Manufacturing
Stalin's plans were called the Five Year Plans.
the first five year plan of india started in the year 1951 go to wikipedia to find more. india has 11 five year plans.