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Economy Of The Socialist Republic Of Romania
The economy of the Socialist Republic of Romania was centrally planned, similar to the one of the Soviet Union. Most of the means of production (including all large and medium enterprises) were owned by the state, which established production plans as part of the Five-Year Plans. The economy grew between the 1950s and 1970s at one of the fastest rates in the world, changing Romania from a predominantly agricultural country into an industrialized country. Almost 30% of the population moved during this period from rural to urban areas to work in the newly built factories. During the 1980s, dictator Nicolae Ceaușescu pursued an austerity policy in order to pay foreign debts, leading to a decade-long stagnation and negatively affecting the living standards of the Romanians. Pre-Socialist Romania Interwar Romania was one of the least developed countries in Europe, having a per capita income of less than half the one of Czechoslovakia.Crowther, p.55 Despite having mineral reso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Borzești Petrochemical Plant
Borzeşti Petrochemical Plant (formerly GIP - Borzeşti Petrochemical Industrial Group) is an industrial complex consisting of five large-scale plants: Synthetic Rubber and Petrochemicals Complex, No. 10 Oil Refinery, Borzești Chemical Plant, Borzești Power Plant and Chemical Equipment Company, being the largest industrial complex in Bacău County and the largest unit of its kind in Romania, which covers an area of , with an average length of and a width of . It is located on the Trotuș Valley, on the northeastern outskirts of Onești (named between 1965 and 1990 ''Gheorghe Gheorghiu-Dej''). Its construction began in 1952 and the first plants were put into operation in 1956 at the No. 10 Oil Refinery. On April 1, 1969, the three distinct plants on the industrial platform in Borzeşti merged into the giant "Petrochemical Industrial Group Borzeşti" complex, and in 1973 it was renamed the "Borzeşti Petrochemical Plant". The abandonment of the centralized management sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Interventionism
Economic interventionism, sometimes also called state interventionism, is an economic policy position favouring government intervention in the market process with the intention of correcting market failures and promoting the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services. Economic intervention can be aimed at a variety of political or economic objectives, such as promoting economic growth, increasing employment, raising wages, raising or reducing prices, promoting income equality, managing the money supply and interest rates, increasing profits, or addressing market failures. The term ''intervention'' is typically used by advocates of ''laissez-faire'' and free market capitalism, and assumes that, on a philosophical level, the state and econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Romanian Communist Party
The Romanian Communist Party ( ro, Partidul Comunist Român, , PCR) was a communist party in Romania. The successor to the pro-Bolshevik wing of the Socialist Party of Romania, it gave ideological endorsement to a communist revolution that would replace the social system of the Kingdom of Romania. After being outlawed in 1924, the PCR remained a minor and illegal grouping for much of the interwar period and submitted to direct Comintern control. During the 1920s and the 1930s, most of its activists were imprisoned or took refuge in the Soviet Union, which led to the creation of competing factions that at times came in open conflict. That did not prevent the party from participating in the political life of the country through various front organizations, most notably the Peasant Workers' Bloc. During the mid 1930s, as a result of the purges against the Iron Guard, the party was on the road to achieving power, but this was crushed by the dictatorship of king Carol II. In the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Revolution Of 1956
The Hungarian Revolution of 1956 (23 October – 10 November 1956; hu, 1956-os forradalom), also known as the Hungarian Uprising, was a countrywide revolution against the government of the Hungarian People's Republic (1949–1989) and the Hungarian domestic policies imposed by the Soviet Union (USSR). The Hungarian Revolution began on 23 October 1956 in Budapest when university students appealed to the civil populace to join them at the Hungarian Parliament Building to protest against the USSR's geopolitical domination of Hungary with the Stalinist government of Mátyás Rákosi. A delegation of students entered the building of Hungarian Radio to broadcast their sixteen demands for political and economic reforms to the civil society of Hungary, but they were instead detained by security guards. When the student protestors outside the radio building demanded the release of their delegation of students, policemen from the ÁVH (Államvédelmi Hatóság) state protection auth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chemical Industry
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials ( oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. The plastics industry contains some overlap, as some chemical companies produce plastics as well as chemicals. Various professionals are involved in the chemical industry including chemical engineers, chemists and lab technicians. History Although chemicals were made and used throughout history, the birth of the heavy chemical industry (production of chemicals in large quantities for a variety of uses) coincided with the beginnings of the Industrial Revolution. Industrial Revolution One of the first chemicals to be produced in large amounts through industrial processes was sulfuric acid. In 1736 pharmacist Joshua Ward developed a process for its production that involved heating saltpeter, allowing the sulfur to oxidize and combine with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Machine Building
Mechanical engineering is the study of physical machines that may involve force and movement. It is an engineering branch that combines engineering physics and mathematics principles with materials science, to design, analyze, manufacture, and maintain mechanical systems. It is one of the oldest and broadest of the engineering branches. Mechanical engineering requires an understanding of core areas including mechanics, dynamics, thermodynamics, materials science, structural analysis, and electricity. In addition to these core principles, mechanical engineers use tools such as computer-aided design (CAD), computer-aided manufacturing (CAM), and product lifecycle management to design and analyze manufacturing plants, industrial equipment and machinery, heating and cooling systems, transport systems, aircraft, watercraft, robotics, medical devices, weapons, and others. Mechanical engineering emerged as a field during the Industrial Revolution in Europe in the 18th century ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metallurgy
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the science and the technology of metals; that is, the way in which science is applied to the production of metals, and the engineering of metal components used in products for both consumers and manufacturers. Metallurgy is distinct from the craft of metalworking. Metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. A specialist practitioner of metallurgy is known as a metallurgist. The science of metallurgy is further subdivided into two broad categories: chemical metallurgy and physical metallurgy. Chemical metallurgy is chiefly concerned with the reduction and oxidation of metals, and the chemical performance of metals. Subjects of study in chemical metallurgy inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrification
Electrification is the process of powering by electricity and, in many contexts, the introduction of such power by changing over from an earlier power source. The broad meaning of the term, such as in the history of technology, economic history, and economic development, usually applies to a region or national economy. Broadly speaking, electrification was the build-out of the electricity generation and electric power distribution systems that occurred in Britain, the United States, and other now- developed countries from the mid-1880s until around 1950 and is still in progress in rural areas in some developing countries. This included the transition in manufacturing from line shaft and belt drive using steam engines and water power to electric motors. The electrification of particular sectors of the economy is called by terms such as ''factory electrification'', ''household electrification'', '' rural electrification'', ''aviation electrification'' or ''railway electr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1964 Combinatul Chimic Din Orasul Victoria
Events January * January 1 – The Federation of Rhodesia and Nyasaland is dissolved. * January 5 - In the first meeting between leaders of the Roman Catholic and Orthodox churches since the fifteenth century, Pope Paul VI and Patriarch Athenagoras I of Constantinople meet in Jerusalem. * January 6 – A British firm, the Leyland Motor Corp., announces the sale of 450 buses to the Cuban government, challenging the United States blockade of Cuba. * January 9 – ''Martyrs' Day'': Armed clashes between United States troops and Panamanian civilians in the Panama Canal Zone precipitate a major international crisis, resulting in the deaths of 21 Panamanians and 4 U.S. soldiers. * January 11 – United States Surgeon General Luther Terry reports that smoking may be hazardous to one's health (the first such statement from the U.S. government). * January 12 ** Zanzibar Revolution: The predominantly Arab government of Zanzibar is overthrown by African nationalist rebels; a Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization In Romania
The nationalization of the means of production was a measure taken by Romania's new Communist authorities in order to lay the foundation of socialism. The act that allowed this measure to take place was Law 119, adopted by the Great National Assembly on June 11, 1948. Article 1 decreed subject to nationalization "all the wealth of the soil not in the property of the state at the time of entry into force of the Constitution of the Romanian People's Republic, as well as individual enterprises, societies of any type and private industrial, bank, insurance, mining, transport and telecommunications associations". Nationalized (generally without any form of compensation) were 8,894 industrial, mining, transport, banking and insurance companies, followed in November 1948 by 383 cinemas and medical-sanitary facilities. By 1950, the measure was applied to chemical enterprises, pharmacies and remaining economic entities. The nationalization also included a significant number of homes. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great National Assembly (Socialist Republic Of Romania)
, disbanded = 1989 , succeeded_by = Parliament of Romania (Chamber of Deputies and the Senate) , leader1_type = , leader1 = , leader2_type = , leader2 = , members = 369 , committees = , house1 = , house2 = , house3 = , voting_system1 = Direct show elections , voting_system2 = , last_election1 = , last_election2 = , session_room = Palatul Camerei Deputatilor1.jpg , session_res = , meeting_place = Palatul Adunării Deputaților , website = , footnotes = The Great National Assembly ( ro, Marea Adunare Națională; MAN) was the legislature of the Socialist Republic of Romania (known as the Romanian People's Republic before 1965). After the overthrow of Communism in Romania in December 1989, the Great National Assembly was dissolved by decree of the National Salvation Front (FSN) and eventually replaced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SovRom The SovRoms (plural of ''SovRom'') were economic enterprises established in Romania following the communist takeover at the end of World War II, in place until 1954–1956 (when they were dissolved by the Romanian authorities). In theory, SovRoms were joint Romanian-Soviet ventures aimed at generating revenue for reconstruction, and were created on a half-share basis in respect to the two states; however, they were mainly designed as a means to ensure resources for the Soviet side, and generally contributed to draining Romania's resources (in addition to the war |
