Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for The Nome Nugget
Foreign News May 22, 1961

The Nome Nugget

Nome, Nome County, Alaska

What is this article about?

In Moscow, Soviet Premier Khrushchev announced that the USSR will no longer prioritize heavy industry, instead developing heavy and consumer goods production at the same rate, following the creation of a solid economic base.

Clipping

OCR Quality

100% Excellent

Full Text

Khrushchev Says USSR No Longer Gives Priority to Heavy Industry

MOSCOW (AP) Premier Khrushchev said Saturday the Soviet Union will no longer give priority to heavy industry but will develop both heavy industry and consumer goods production at the same rate.

The Premier, wearing a dark suit and all his medals, had strolled across the garden of his residence next door to a government guest house where a party was being given for exhibitors at the British Fair which opened here Friday.

Khrushchev commented that some British businessmen had asked him about light industry in the Soviet Union and that he told them the Russians had had to develop heavy industry first in order to create a proper base for the country's economy.

"Now we have created that base," he said, "we consider our heavy industry as built. So we are not going to give it priority. Light industry and heavy industry will develop at the same pace."

When Khrushchev, on Nov. 14, 1958, outlined the seven-year plan for 1959-1965, he said:

"The chief task of the seven-year plan for the development of the national economy of the USSR in 1959-65 is a further mighty upsurge of all branches of the economy on the basis of the priority expansion of heavy industry."

What sub-type of article is it?

Economic Political

What keywords are associated?

Khrushchev Ussr Economy Heavy Industry Light Industry Seven Year Plan

What entities or persons were involved?

Premier Khrushchev

Where did it happen?

Moscow

Foreign News Details

Primary Location

Moscow

Event Date

Saturday

Key Persons

Premier Khrushchev

Outcome

heavy industry and light industry will develop at the same pace; previous seven-year plan (1959-1965) prioritized heavy industry expansion.

Event Details

Premier Khrushchev stated that the Soviet Union has built a proper base through heavy industry development and will now advance both heavy and light industries equally. This was said during a party for British Fair exhibitors, in response to questions from British businessmen.

Are you sure?