Russian economy post-WWII from the people's perspective was extremely poor due to the impoverished state of most of the population. Even though most of us weren’t alive during this era of time it still happened and people still went into war. Some of the things that affected Soviet economy were the Five Year Plans and the Eastern Bloc; these things changed and rebuilt Russia's economy.
Five-year plans focused on the heavy industry which caused the creation of Shortage economies due to a lack of important resources including food. These plans ordered a specific amount of materials whether or not there was a market for these goods. This led to situations such as the time a hospital in Warsaw sat empty for four years while waiting for the equipment to be produced. The government propagandists still boasted of having completed a hospital even if it was just a hollow shell. Another of the side effects of the imbalances in the economy is the creation of extensive black markets.
The Eastern Bloc followed the Five Year Plans by Stalin. These countries relied on loans from the west
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The USSR had the largest output natural resources contributing to its large economy. Much of the growth in GDP came from the acquired territories post-WWII. The USSR was the second largest economy for most of the Cold War until 1988 when Japan passed it. The Soviet Economy relied mostly on oil and natural gas. In 1965, the Soviet Union went under an economic reform. The economic reform of the Soviet Union came with a change in leadership. The main effect of the reform was the redesign of the profit system in the USSR. The Soviets created collective farms making the USSR output the largest amount of agricultural goods such as cereal. The trading of goods using foreign currencies was illegal until the 1980s’. The industrial output compared to the United States was 55% in 1960 but in 1980 it grew to