two year plan

Cards (3)

  • when was it
    1949 - 1950
  • aims
    • steered the GDR economy to extend nationalisation
    • direct the economy into the appropriate channels in order to raise the low levels of industrial productivity
    • in 1950 76% of industrial production was already under the control of the VEBs and SAGs
    • banking and insurance was completely directed by the state