Lenin's Economics

What were Lenin’s three economic policies with dates?

State capitalism March–June 1918; War Communism 1918–21; NEP 1921–28

Give three features of state capitalism.

Nationalised large industries; Vesenkha coordinated production; Small factories run by workers or capitalists

What two economic decrees were passed Oct–Nov 1917 and what did they do?

Decree on Land gave peasants land; Workers’ Decree introduced 8-hour day and minimum wage

Give three reasons War Communism was introduced.

Support Red Army; Ideological centralisation; Control shortages and inflation

Give two policies that created a food dictatorship.

Grain requisitioning; Rationing

Give two examples of labour discipline under War Communism.

11-hour day; Compulsory work 16–50; Harsh punishments

Give two policies that aimed to abolish the free market.

Abolished money; Abolished private trade; Nationalised businesses; Labour conscription

Give three consequences of War Communism.

Agricultural output fell to 46% of 1913; Industrial workforce fell 3m to 1.2m; Famine; Black market growth

Give two political consequences of War Communism.

Tambov rebellion; Kronstadt rebellion

Give two reasons for introducing the NEP.

Placate peasants; Revive economy; Build socialism without foreign aid

Give three features of the NEP.

Tax in kind; Small factories denationalised; Money reintroduced

Give two consequences of the NEP.

Agricultural recovery; Industrial growth; Political stability

Give two limitations of the NEP.

Scissors crisis 1923; Inequality; Slow heavy industrial growth; Corruption