Which European leader created a five-year plan?
Stalin announced the start of the first five-year plan for industrialization on October 1, 1928, and it lasted until December 31, 1932. Stalin described it as a new revolution from above.
Who created the Marshall Plan?
On April 3, 1948, President Truman signed the Economic Recovery Act of 1948. It became known as the Marshall Plan, named for Secretary of State George Marshall, who in 1947 proposed that the United States provide economic assistance to restore the economic infrastructure of postwar Europe.
What was the Marshall Plan and what was its purpose?
The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding efforts on the continent.
When was the 3rd 5 year plan?
1938
What was the goal of the second five year plan?
India’s Second Five-Year Plan (1956-61)! The second plan was to set India on the path of industrialisation. P.C. Mahalanobis was the moving spirit behind the second five year plan. He gave the highest priority to strengthening the industrial base of the economy.
Which sector gives more important in the second plan strategy?
As a result of the plan, the working force in mining and factory establishments, in construction, in trade and transport and in services will increase relatively faster than in agriculture and allied pursuits.
What was the main objective of Second Five Year Plan 12?
The main objective of the Second Five-Year Plan was to set India on the path of rapid industrialisation. This plan’s highest priority was to strengthen the industrial base of the economy.
Which sector was given priority during the 2nd and 3rd 5 year plan?
Equal priority was given to agriculture, its allied activities, and industrial sector. The government of India declared “Devaluation of Rupee” to increase the exports of the country.