It was early in March 1959 that the government unveiled the first three-year (1960-1962) phase of a seven-year economic development plan (1960-1655) - the first long-term development scheme ever created by the Korean government. However,the plan,formulated by Industrial Development Council and organized by the then Ministy of Reconstruction,failed largely because of inadequate preparation and social disturbances caused by the 1960 student revolution. On April 19,1960,a student revotion overthrew the dictaturial government of Syngman Rhee.