|
|
|
|
Economy
History of Poland
|
  
|
| | 1970 | Gierek, Edward | |
| With the aid of foreign loans promises to rejuvenate Polish industry |
| 1970 | Spychalski, Marian | |
| Price increases cause strikes & riots |
| 1971 | Gierek, Edward | |
| Promises lower food prices & higher wages |
| 1980 | Gierek, Edward | |
| Price rises, food shortages & debt force Poland to reform the economy |
| 1990 | Walesa, Lech | |
| Communists in the Sejim hold up privatization & western aid |
| Launches privatization reforms |
| Jan Currency made convertible with exchange set at black market rate |
| Jan Price controls are lifted & government subsidies are eliminated |
| 1991 | Walesa, Lech | |
| June 27m adults to receive vouchers equivalent to mutual funds, $9,000 each |
| June Inflation increases to 70% |
| June Unemployment jumps from 7,000 at end of 1989 to 2 million in 1991 |
| 1992 | Walesa, Lech | |
| 10% decline in output and Russia shuts off gas supplies |
| 1993 | Walesa, Lech | |
| Goal to privatize 7,000 enterprises by end of 1994 |
|
|
|
