Working Capital Management Case Study

7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.

AAA gave a big push in agriculture economy, as well as modernizing new farming technique of, “…cultivation of soil-improving crops such as legumes, lespedeza, and soybeans. The range of these crops was extended northward, and the production of soy-beans became a major item… Hybrid corn was used more extensively and yields double previous ones were reported in many areas. These changes and experiments were expected to have far-reaching effects on the economy” (Saloutos 400-401). These new findings in farming crops increased the production, giving hope to farmers. The New Deal also imposed the Federal Crop Insurance Act, “viewed the crop insurance program as the agricultural counterpart of the Social Security Act, which furnished unemployment insurance for nonagricultural workers. During the first year of the program, 1939, about 56,000 farmers received in excess of 10,000,000 bushels of wheat or the cash equivalent in indemnities for crops destroyed by forces beyond their control; this provided them with income that otherwise would have been lost” (Saloutos 402). Through this insurance policy for farmers, they were reimbursed with money or crops if they were unemployed for any reason. Giving farmers product to work with allows them to build on it and increase income, therefore increase spending and saving. Saloutos also explains

And as a result of all this our country has been converted from an agrarian into an industrial country; for the proportion of industrial output, as compared with agricultural output, has risen from 48 per cent of the total in the beginning of the Five-Year Plan period (1928) to 70 per cent at the end of the fourth year of the Five-Year Plan period (1932)….

Even though these difficulties Brown still produced the ‘National Plan’ which aimed at the economic targets set out in the General Election of 1964. It was an achievement to create this plan which aimed at stimulating industrial production and exports by encouraging cooperation between the government, employers and trade unions. It was a success that the plan was drafted however it was a failed attempt. The grand expansion targets set out in the plan were not met because at the time it was

crops to grow and sell to the public, which meant more food supply was available to everyone.

Many people who relied on their farm and on agriculture struggled in the 1980’s. WWII was the fire that lit the Farm Crisis of the 1980’s. WWII brought forth many new advances in all aspects of agriculture. New farm equipment, pesticides, seeds, and fertilizers made it easier for the everyday life of a farmer. Greater efficiency and productivity were the result of the new inventions. In the 1950’s and 1960’s there was a massive

Marshall Plan - The Marshall Plan, also known as the European Recovery Program, channeled over $13 billion to finance the economic recovery of Europe between 1948 and 1951.

Fourth,implementation of the "food for work" . Fifth,vigorously to build public works to ease the social crisis and class contradictions, increasing employment to stimulate consumption and production. Sixth,the Government has also established a social security system, adopted the "Social Security Act " so that workers can get retirement pensions and insurance, the unemployed can get insurance money, mothers of young children, people with disabilities can receive assistance. Last,potato establishing emergency relief for the people distributing relief payments. Throw these new deal we can see that the essence of the New Deal is that under the premise of maintaining the capitalist system, capitalist relations of production of local adjustment, strengthen state intervention in the economy.

* Marshal plan-  June of 1947, Secretary of State George C. Marshall proposed a joint economic recovery program between the U.S. and its Western European allies. If the Europeans agreed to the plan, the U.S. would offer significant financial support

3). Agricultural Adjustment Act - Farmers were paid to allow their crops to fallow which ended the agricultural surplus and increased prices

The economical had a positive outcome to the Russian country but not to the russian people. Though both the 1st and 2nd 5 year plan the goals were not met. But there was a increase in electricity production and steel production. According to document Economic History Of the ussr the five year plan was a success. Numbers doubled , the coal numbers where 35.4 in 1927 and in 1937 the numbers where 128.0. The second 5 year plan focused on industry and did also show positive production of electric, railroads and the development of Siberia. According to economic history of the ussr chat the woolen cloth was decreasing production of consumer good. The woolen was 97.0 in 1927 and in 1932 the numbers when down to 93.3 Then in 1937 the numbers when up again to 108.3. The education levels did increase during this time. By the end of the 2 five year plans Russia was considered a world power. Being considered a world power was not enough for Stalin, he wanted more. He began his collective farm plan. This was where he wanted all farms and farming owners to combine and form all the land as one large farm. The government provided the farmer with new technology and machines for farming. The farmers lost ownership of their farms. The food produced was given to the government, farmers had no financial profit. With the 1st 10 years over 90% of the farming were collective farms. All of Stalin plans had positive impact on the Russian

The Marshall Plan was an American initiative to aid Europe, in which the United States gave $13 billion in economic support to help rebuild European economies after the end of World War II. The plan was in operation for four years beginning in April 1948. The goals of the United States were to rebuild war-devastated regions, remove trade barriers, modernize industry, make Europe prosperous again, and prevent the spread of communism. The plan required a decreasing of interstate barriers, a dropping of many petty regulations constraining business, and encouraged an increase in productivity, labor union membership, as well as the adoption of modern business procedures.

role it has to play in industrialization, and its general impact upon the wealth of the state.

Joseph Stalin the prominent leader of the Soviet Union had a vision to transform the Soviet Union into an industrialized economy. Through the works of Stalin he implemented “The Five Year Plan” which included methods and goals that were very important in the arrival of his goal. Though, hard labor, terror, struggle, and work was put on the peasants and kulak class that was key in Stalin’s plans to achieve a Communist society. Through the utilization of terror and repression, Stalin’s Five Year Plan transformed the Soviet Union from a peasant society into an industrialized superpower.

population, a geographic location that can be directly related to that nation. Based on the