Leaders of the Soviet Union and their economic influence by Samantha Pérez R.
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Vladimir Lenin
The New Economic Policy was an economic policy proposed by Lenin in 1921. Lenin characterized in 1922 as an economic system that would include "a free market and capitalism, both subject to state control", while socialized state enterprises would operate on "a profit basis".
It succeeded in creating an economic recovery after the devastation of World War I, Russian Revolution, and Russian Civil War. By 1928, agricultural and industrial production had been restored to the 1913 level. -
Joseph Stalin
Stalin considered the political and economic system under his rule to be Marxism–Leninism, which he considered the only legitimate successor of Marxism and Leninism.
It was not only to be compromising communist ideals, but also not delivering sufficient economic performance as well as not creating the envisaged socialist society. It was therefore felt necessary to increase the pace of industrialisation in order to catch up with the West,this system was a total failure. -
Georgy Malenkov
In 1943 Malenkov headed the committee for the restoration of the national economy in the regions that were liberated from German.
From 1944 he also held the post of Deputy Chairman of the Council of the People’s Commissars, which was the highest government authority of the USSR. That same year Malenkov, following Stalin’s directive, gave a speech regarding the necessity “to increase vigilance” of Jewish staff, following which Jewish nationals had difficulties in gaining high posts. -
Nikita Khrushchev
His laws,when applied appropriately, would provide the highest levels of economic growth and standard of
living.
The reforms that were put
in place by Khrushchev did not target changes in the economic system, however, but were
mostly concerned with the administration of industry. Khrushchev imposed a major
overhaul which included the decentralization of industry and the creation of regional
economic councils known as Sovnarkhozy. -
Leonid Brezhnev
The economic growth rate in 1964 was still respectable, although slower than in the 1950s and increasingly undermined by the trend of declining returns from capital investment.
The standard of living had shown definite improvement, particu- larly in the rural areas, over the course of Khrushchev's tenure, and the policies enacted just prior to his forced retirement pointed towards further improvements. However, the Soviet standard of living was still low in 1964 by Western standards. -
Yuri Andropov
Andropov is seeking to rescue the economy from the stagnation into which it lapsed during the final years of the Brezhnev regime. But his effort faces enormous obstacles.
Suppressed inflation and shortages appear to be the hallmark of this centrally planned economy, but it is difficult to imagine it collapsing. On the surface, it has a false glow of health bustling crowds with plenty of money to spend, full employment, indeed a shortage of workers, whether menial or skilled. -
Konstantin Chernenko
He thus pursued an economic policy that aimed to increase economic growth while increasing capital investment. Capital investment was to improve the technological basis of the Soviet economy as well as promote certain structural economic changes. His goal was quite plain: to bring the Soviet Union up to par economically with the West. This had been a goal of Russian leaders since Peter the Great unleashed the first great wave of modernization and Westernization. -
Mikhail Gorbachev
The Law on Cooperatives, enacted in May 1988, was perhaps the most radical of the economic reforms during the early part of the Gorbachev era.The law permitted private ownership of businesses in the services, manufacturing, and foreign-trade sectors. The law initially imposed high taxes and employment restrictions, but it later revised these to avoid discouraging private-sector activity.
