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A Comparison - Change & Continuity - Coggle Diagram
A Comparison - Change & Continuity
Economy - 1949 - 61
Impact of WW2
- economy ruined - war torn
Reparations
- ordered to pay large amount back
FYP 1953-59
Emigration issues
- East to West
Collectivisations
State Control
Agriculture control
Quotas for prod.
Industrial focus
COMECON state in 1950
Economy - 1961-72
NES 1963
- intro. of individually owned business & factories
(VVBs)
Focus on profit making
Decision making to some indiv.
Market Mechanisms
- decide prices - less input from state
Economic experiment
Empty formula
- lack of experience, political sabotage → concern from hardliners → class divide
ESS 1967
- move toward
centralisation
&
price controls
→ focus on
strengthening economy
- alignment w/ USSR economy
Economy 1971-85
1970
- ESS
abandoned
→ Replaced -
Unity of Social Economic Policy
1972
- all businesses nationalised
more focus on tech & prod. of
plastics
Focus on combining
socialism
w/
economics
- improving welfare through
edu. , Health care , housing
loans from FRG -
2B
1983
OIL CRISIS 1973 - 79