100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Mao's China - Economy (Industry and Agriculture) CA$9.23   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. History 2015
  6.  
  7. Unit 2E.1 - Mao\'s China, 1949-76

Summary

Summary Mao's China - Economy (Industry and Agriculture)
 19 views  0 purchase
  • Course
  • Unit 2E.1 - Mao\'s China, 1949-76
  • Institution
  • PEARSON (PEARSON)

Written by a Cambridge Law student with an A* at history A-level. Outlines the different aspects of the economy for both industry and agriculture. This includes issues before Communist rule and the Five Year Plans, including the Great Leap Forward and Recovery. Very detailed and full of fac...

[Show more]

Preview 1 out of 4  pages

Document information

  • February 21, 2024
  • 4
  • 2021/2022
  • Summary

Subjects

  • economy
  • industry
  • agriculture
  • recovery
  • great leap forward

Written for

  • A/AS Level
  • PEARSON (PEARSON)
  • History 2015
  • Unit 2E.1 - Mao's China, 1949-76
All documents for this subject (60)

Seller

avatar-seller
Camhistnotes

Content preview

Economy
Industry 1952-65

 Before Communist power gain
- Problems
 Industry
o Industry crippled after WW2 + civil war  1949, inflation at 1000% as
GMD borrowed money + output dropped to 25% of pre war level
 Solutions
o price stability fully recovery by 1953 by introducing + regulating new
currency
o Industry nationalised after 1949 + attempt to improve productivity by
educating unskilled workforce

 1952-57: 1st Five Year Plan (Soviet inspired heavy industry plan)
- Aims
 Wanted to become self sufficient industrial powerhouse (both food +
manufactured goods) to protect China in potentially hostile capitalist
world  aimed to follow Soviet method of rapid industrialisation +
collectivisation (Mao heavily influenced by Stalinist ‘Short Course’, history
of USSR detailed stages of development)
- Methods
 All industry nationalised by 1956
 Over 10,000 Soviet civil technicians worked on over 300 major heavy
industrial projects (eg iron + steel, industrial machinery + chemicals)
 Financed by food requisitioning from APCs, higher levels of taxation in
cities + loans from USSR (eg $300 million loan to be paid with interest)
- Successes
 Over 200 industrial plants built by Soviets (core of China’s new industrial
sector)
 Industrial production increased 19% / year, coal production doubled +
steel production quadrupled
 Number of lorries increased from virtually zero to 7,500
- Failures

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Camhistnotes. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$9.23. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$9.23
  • (0)
  Add to cart