ABSTRACT
The development of planning led necessarily to the idea of constructing plans for longer periods than one year. It was thought by this means to achieve greater ends. The first outline of a Five Year Plan was completed as early as March 1927, but the examination of the plan lasted for more than two years, so that only on the 28th May, 1929, at the Union Conference of the Soviets, amidst much rejoicing, was the Five Year Plan for the socialist construction of the U.S.S.R. sanctioned. 1 It was, however, to operate as from the 1st October, 1928, that is to say, for the five years 1928–9, to 1932–3 inclusive; and in working out the control-figures for 1928–9, the plan was taken into account.
