The Series of Five-Year Plans Did NOT​result in

question 100

Multiple Choice

The series of Five-Year Plans did NOT​result in

• A) a significant expansion of heavy industry.
• B) a drop in real wages.
• C) Western-style efficiency.
• D) a sense among many that a new world was being built.
• E) harsh discipline and forced productivity.

---

Definitions:

Founded

The act of establishing something, such as a company or organization, often marking its beginning.

Bretton Woods System

A monetary management system established in 1944 which set up fixed exchange rates for major currencies, with the US dollar convertible to gold, and led to the creation of the IMF and World Bank.

Fixed Exchange Rates

A system where the value of a currency is pegged to another currency, a basket of currencies, or a commodity such as gold, and does not fluctuate in the foreign exchange market.

Gold Standard

A monetary system in which the standard unit of currency is based on a fixed quantity of gold, ensuring stability and trust in currency value.