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Economic history of the Soviet Union

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Economic history of the Soviet Union
Common nameSoviet Union
Government typeFederal Marxist–Leninist one-party socialist republic
Year start1922
Year end1991
Event startTreaty on the Creation of the USSR
Date start30 December
Event endDissolution of the Soviet Union
Date end26 December
P1Russian Soviet Federative Socialist RepublicRussian SFSR
Flag p1Flag of the Russian Soviet Federative Socialist Republic (1918–1937).svg
S1Russia
Flag typeFlag (1955–1991)
Symbol typeState Emblem (1956–1991)
National motto"Workers of the world, unite!"
National anthem"The Internationale" (1922–1944), "State Anthem of the Soviet Union" (1944–1991)
CapitalMoscow
Largest citycapital
Official languagesRussian
Recognized regional languagesSee Languages
ReligionState atheism (see Religion in the Soviet Union)
DemonymSoviet
CurrencySoviet ruble (SUR)
Drives onright
Calling code+7
Title leaderLeader
Leader1Vladimir Lenin (first)
Year leader11922–1924
Leader2Mikhail Gorbachev (last)
Year leader21985–1991
Title deputyHead of government
Deputy1Vladimir Lenin (first)
Year deputy11922–1924
Deputy2Ivan Silayev (last)
Year deputy21991
Title representativeHead of state
Representative1Mikhail Kalinin (first)
Year representative11922–1946
Representative2Mikhail Gorbachev (last)
Year representative21988–1991
LegislatureCongress of Soviets, (1922–1936), Supreme Soviet, (1936–1991)
House1Soviet of the Union
House2Soviet of Nationalities
Stat year11991
Stat area km222,402,200
Stat pop1293,047,571
TodayArmenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan

Economic history of the Soviet Union spans the development of a Marxist-Leninist state economy from the October Revolution of 1917 to the Dissolution of the Soviet Union in 1991. For over seven decades, the central planning system directed by the Communist Party of the Soviet Union aimed to rapidly industrialize a largely agrarian society and compete with the West, achieving significant but costly growth before succumbing to systemic stagnation. This history is defined by radical experiments, immense mobilization under Joseph Stalin, and ultimately, failed reforms that precipitated economic collapse.

Pre-revolutionary background and War Communism (1917–1921)

The Russian Empire was a vast but economically backward state prior to World War I, with a nascent industrial base concentrated in cities like Petrograd and Moscow. The February Revolution and subsequent October Revolution, led by Vladimir Lenin and the Bolsheviks, overthrew the Provisional Government and sought to implement communist doctrine immediately. The period of War Communism involved the nationalization of all large-scale industry, the forcible requisitioning of grain from the peasantry, and the abolition of money and private trade. This policy, compounded by the devastation of the Russian Civil War against the Whites and foreign intervention, led to catastrophic declines in agricultural and industrial output, culminating in the severe Russian famine of 1921–1922.

New Economic Policy (NEP) era (1921–1928)

Facing economic ruin and social unrest like the Kronstadt rebellion, Lenin introduced the New Economic Policy (NEP) as a strategic retreat. The NEP allowed for a return to limited market relations, permitting peasants to sell surplus produce and small private businesses, known as NEPmen, to operate. Key industries, the "commanding heights" like heavy industry, finance, and foreign trade, remained under state control through entities like the VSNKh. This mixed economy fostered a rapid recovery, bringing production levels back to pre-World War I standards by the late 1920s. However, intense debates within the Politburo, particularly between Leon Trotsky, Nikolai Bukharin, and Joseph Stalin, centered on the pace of future industrialization and the role of the peasantry.

Stalinist industrialization and

the command economy (1928–1953) == Stalin, 20thir and the Soviet Union of the Soviet Union of the Soviet Union|Soviet Union and the Soviet Union Union Union|Union of the Soviet Union|S Union|Soviet Union|Soviet Union|SovietovietovietSovietSoviet

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