Lenin’s Economy Flashcards
What was essential to build socialism?
Economic Revolution
Lenin’s 4 economic objectives
- Modernisation
- Consolidation
- Military victory
- Destroy Capitalism
Modernisation Objective:
Economy must be highly advanced from the Feudal society of the Tsars
Consolidation Objective
Economic Stability and advancement was essential to help Lenin retain Bolshevik hold on power.
Gain more supporters.
Military Victory Objective
Lenin needed a strong economy to supply his Red Army and win the Civil War - maintain hold on power.
Destroy Capitalism Objective
Lenin wanted to create an economy which was highly more effective than capitalism, which ended economic innequality
When did nationalisation of industry begin?
March 1918
What was the heart of Lenin’s economic policy 1918-24
Large scale nationalisation
State Capitalism introduction date?
March 1918
Explain STATE CAPITALISM
- an economic phase between Capitalism and Communism
- nationalisation of large-scale industry
- ended capitalism by passing ownership of industry from the capitalists to the State (centralisation)
What did Lenin hope state capitalism would do?
More efficient industry
Vesenkha job
To centralise control of the now national industries
What would make State Capitalism more effective and efficient?
The govt could employ economic experts to run the economy.
Centralisation of national industries (by Vesenkha) would: 3 + explain how
- reestablish worker discipline (offer high pay to hard workers)
- factories properly managed (controlled by well-paid experts)
- economy could be coordinated (tailored to meet needs of society)
War Communism - forever or temporary?
Lenin wanted it to be temporary - just to secure Bolshevik power in the civil war.