1965 Soviet economic reform
In 1965, the Soviet Union wanted to improve how its economy worked. They made changes to how the government controlled businesses and money.
Think of it like a big game of Monopoly. The government was like the banker, controlling all the money and telling businesses what to do. But sometimes, the government wasn't very good at making the right moves, and people were getting frustrated. So they decided to change the rules for the better.
The new rules made it easier for businesses to make money and keep their profits. This meant they could invest in new equipment and improve their products. The government also gave some control to the individual factories and farms to make decisions.
These changes opened up the Soviet Union to the world, allowing them to trade more with other countries. People were able to buy and sell items more freely, making things more fair for everyone.
Overall, the 1965 Soviet economic reform was a good thing because it allowed people to have more freedom and control over their businesses and money, and helped improve the country's economy.
Think of it like a big game of Monopoly. The government was like the banker, controlling all the money and telling businesses what to do. But sometimes, the government wasn't very good at making the right moves, and people were getting frustrated. So they decided to change the rules for the better.
The new rules made it easier for businesses to make money and keep their profits. This meant they could invest in new equipment and improve their products. The government also gave some control to the individual factories and farms to make decisions.
These changes opened up the Soviet Union to the world, allowing them to trade more with other countries. People were able to buy and sell items more freely, making things more fair for everyone.
Overall, the 1965 Soviet economic reform was a good thing because it allowed people to have more freedom and control over their businesses and money, and helped improve the country's economy.