Describe the social and economic condition of the factory workers in soviet rusdaia
Answers
he economy of the Union of Soviet Socialist Republics (Russian: экономика Советского Союза) was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. The economy was characterised by state control of investment, public ownership of industrial assets, macroeconomic stability, negligible unemployment and high job security.[14]
Beginning in 1928, the course of the Soviet Union's economy was guided by a series of five-year plans. By the 1950s, during the preceding few decades the Soviet Union had rapidly evolved from a mainly agrarian society into a major industrial power.[15] Its transformative capacity—what the White House National Security Council of the United States described as a "proven ability to carry backward countries speedily through the crisis of modernization and industrialization"—meant communism consistently appealed to the intellectuals of developing countries in Asia.[16] Impressive growth rates during the first three five-year plans (1928–1940) are particularly notable given that this period is nearly congruent with the Great Depression.[17] During this period, the Soviet Union encountered a rapid industrial growth while other regions were suffering from crisis.[18] Nevertheless, the impoverished base upon which the five-year plans sought to build meant that at the commencement of Operation Barbarossa the country was still poor.[19][20]
A major strength of the Soviet economy was its enormous supply of oil and gas, which became much more valuable as exports after the world price of oil skyrocketed in the 1970s. As Daniel Yergin notes, the Soviet economy in its final decades was "heavily dependent on vast natural resources–oil and gas in particular". However, Yergin goes on by saying that world oil prices collapsed in 1986, putting heavy pressure on the economy.[21] After Mikhail Gorbachev came to power in 1985, he began a process of economic liberalization by dismantling the command economy and moving towards a mixed economy. At its dissolution at the end of 1991, the Soviet Union begat a Russian Federation with a growing pile of $66 billion in external debt and with barely a few billion dollars in net gold and foreign exchange reserves.[22]