STALIN'S ECONOMIC POLICIES

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To what extent were Stalin’s economic policies a success?

Russia was full of chaos by the end of WWI. Retreating from the war, the country lost a large mass of land, and its economy was deprived as well. A leader was desperately needed to restore order in the country, and this was when Joseph Stalin came to power. Stalin was a man who strongly believed, even more so than Lenin, that it was essential to prosper its economic situation through rapid industrialization. As a result, Stalin replaced Lenin’s New Economic Policy with the First Five Year Plan in 1928.

The main objective of the plan was to strengthen and enrich the country, make it militaristically and industrially self-sufficient, lay the groundwork for a true workers’ society, and overcome the Russian reputation of “backwardness”. In fact, Stalin said in a speech in 1929, that Russia was to “become a country of steel, a country of automobiles, and a country of tractors.” Although Stalin had no economic experience whatsoever, he did not hesitate to bring-about a series of dramatic changes for its country.

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The First Five Year plan saw remarkable increase in production. By 1940, Russia had overtaken Britain in iron and steel production and was within reach of Germany’s coal production. However, evidence suggests that everyday life under Stalin’s reign was still treacherous, for the punishments failing to meet the demand of production was extremely brutal. Historian Alec Nove argues that Stalin made vast errors trying to go too far within a short period of time, using unnecessarily brutal methods, treating all criticism as evidence of subversion and treason. Furthermore, the plan that originally called for the collectivization of only one-fifth of ...

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