The Soviet Economy
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Case Details:
Case Code : ECON028
Case Length : 19 Pages
Period : 19915-2007
Pub. Date : 2008
Teaching Note :Not Available
Organization : -- Industry : - Countries : Russian Federation
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ECON028) click on the button below, and select the case from the list of available cases:
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Background Note
The history of Russia dates back to the ninth century; however, the region is believed to have been populated some 4,000 years earlier. In the ninth century, Russia was a collection of cities that gradually came together to form a nation state...
The Economy in The Soviet Era
In 1921, the civil war ended with Lenin emerging victorious, though by then, the
war and the droughts of 1920 and 1921 had devastated the Russian economy. By
1921, industrial production had fallen to one-seventh, the agricultural
production to one third, and land under cultivation to 21% of that in 1913...
The Stalin Era
Stalin, who emerged as the leader of the Communist Party in 1924, replaced the
NEP with the first Five-Year Plan in 1928...
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The Krushchev and Brezhnev Eras
After Stalin's death in 1953, there was a power struggle within the party. In
late 1953, Nikita Khrushchev (Khrushchev) was appointed first secretary of the
Communist Party. He consolidated his authority in the Union government by
1957...
The Gorbachev Era
By 1985, when Mikhail Gorbachev (Gorbachev) became general secretary of the
Communist Party of the Soviet Union, the Soviet economy had been through an
almost two decade-long period of stagnation and was in immediate need of
reform...
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The Collapse of The Soviet Union
Although Gorbachev's economic and political reforms were a break from
the past they were not enough to improve the country's economic
situation in the late 1980s.
Although the reforms tried to restructure
the existing system, in most areas, the fundamental elements of the
Stalinist system such as price controls, non-convertibility of the
ruble, exclusion of private property ownership, and government monopoly
over most means of production remained... |
Exhibits
Exhibit I: Karl Marx's Ideology
Exhibit II: Leninism
Exhibit III: The Map of USSR
Exhibit IV: A Brief Note on Command Economies and Five-Year Plans
Exhibit V: Expenditures of the Soviet Government
Exhibit VI: The Constituents of USSR
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