What were Vladimir Lenin's economic policies?

Answer 1

There are two main economic policies that Lenin pursued. The first policy was War Communism 1918-1921, which aimed to support the needs of the civil war that Russia was fighting. The policy meant nationalization of industry and food supply, including forced grain acquisitioning from peasants, to feed workers in urban areas and soldiers. This resulted in failure. Peasants hid their grain, and poor food distribution meant that many areas were hit with famine, which caused the development of a black market. Fuel and raw materials were also in short supply and there was massive inflation which was disastrous for the economy.

Lenin's next economic policy called the NEP (New Economic Policy) could be viewed as conciliation for the harsh policy of War Communism, as it encouraged the recovery of the economy. Grain requisitioning stopped, and although peasants still had to pay a tax, they were able to keep surplus grain. Smaller factories were returned to owners. Although this did result in economic revival, it was unpopular with the socialists as the policy seemed to reverting Russia back to capitalism. There were also problems of traders taking advantage of the NEP, who came to be called Nepmen, who bought goods cheaply and sold them at a higher price. There were also problems with high prices of manufactured goods, which meant that peasants were unwilling to sell their grain.

And also,by this he become a great leader in world.

Answer 2

Well the problem was that Lenin's policies didn't change he always wanted the same thing, but after his death people didn't know which way to go with so their was a race for power, with Joseph Stalin who was convinced that people will see how good the USSR is and then want their own countries to be Socialist, against Trotsky's belief that the USSR should intervene in conflicts to help fellow communists around the world. In the end Stalin would rise to power.

Answer 3

Lenin had two economic policies. The first was called "war communism." During the Russian Civil War crops were confiscated from farmers in order to feed the people in the cities. The second was called the "New Economic Policy." This reintroduced aspects of capitalism in the agricultural field in order to increase the agricultural output.