The first five-year plan by Joseph Stalin was enacted between 1928-1932.
The 5 year plan was known as 'revolution from above' and the goals included:
1. Rapid Industrialization
2. Increased Agricultural output
The idea was to quickly industrialize Russia, which was by then, lacking far behind Western Europe. The focus was on the development of heavy machinery and supporting industries.
Agriculture was seen as a significant part in the overall goal, since surplus production would help to develop a stable and prosperous society.
C) Great Britain
The Treaty of Paris of 1763 resulted in France forfeiting most of their north american land. They gave all their land to the east of the Mississippi river over to British rule within the British colonies.
Answer:
Using deficit spending to stimulate economic growth.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
After the New Deal and into the post-World War II era, the United States of America pursued Keynesian economic policies. This meant using deficit spending to stimulate economic growth.
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Central america
hope this helps :)
