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Economic Developments - Coggle Diagram
Economic Developments
Agriculture
Khrushchev begins an initiative of ploughing up Virgin lands in Kazakhstan as a cheap way to increase agricultural output. However in spite of early successes the scheme fails due to bad planning and other issues, leading to the USSR having to rely on grain imports by 1963.
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In 1953, taxes were cut on agriculture and raising the prices paid to the collective farms for their output.
Harvest of the summer in 1954 was very successful and then harvest increased by 21% the following year
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Industrial
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April 1953 - Malenkov cuts retail prices on food and other consumer products.
August 1953 - Malenkov establishes a budget, cutting taxes and increasing salaries at collective farms.
October 1953 - Malenkov argues that consumer oriented sector should expand at a faster rate than armaments and capital goods.
Military spending
Khrushchev advocates for the use of nuclear weapons rather than conventional arms due to their relative low cost.
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Space
Space triumphs, through sending Sputnik and Gagarin to space
This increased the Soviet's reputation and lifted itself to global status. This also lifted their confidence.
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