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Topic: Science
Number of pages / Number of words: 11 / 3003
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The turmoil of a hundred years of rebellion, invasion, and civil war had devastated the Chinese economy (Kesselman et al. 633).

During the era of Mao, the government allowed capitalism to continue for several years in order for the economy to stabilize. But once things stabilized, the economy was swiftly converted to a command system based upon the Soviet model of state socialism (Kesselman et al...


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633). All economic activity was driven by government planning and not market forces. Mao enacted a Soviet-style Five Year Plan that lasted from 1953 ? 1957. This entailed the government taking control of the production and distribution of nearly all goods and services. However, Mao was still dissatisfied because of the economic inequalities between those living in the coastal industrialized cities and those in the rural agricultural areas...


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