Soviet Russia's Five-Year Plans

Definition

Soviet Russia's Five-Year Plans were a series of centralized economic plans implemented by the Soviet Union from 1928 to 1991. These plans aimed to rapidly industrialize and modernize the country, focusing on heavy industry and collectivization of agriculture.

Related terms

Collectivization: The process of bringing individual farms together into large collective farms owned and operated by the state or government.

Industrialization: The development of industries in a country or region on a large scale.

Central planning: An economic system where production decisions are made by a central authority, such as the government, rather than individual businesses.