Investopedia

Continue to Site »

Vladimir Lenin

Filed Under » ,
Dictionary Says

Definition of 'Vladimir Lenin'

The architect of Russia's 1917 Bolshevik revolution and the first leader of the Union of Soviet Socialist Republics. A prominent Marxist, Lenin was born in 1870 in Russia with the last name Ulianov. He picked up his radical beliefs during college, where he earned a law degree. After college, he became a professional revolutionary and his activities got him exiled to Siberia for three years, from 1897 to 1900. Afterward, he moved to Europe, where he was a revolutionary journalist, before returning to Russia for the Revolution of 1905 then leaving for Europe again during World War I.
Investopedia Says

Investopedia explains 'Vladimir Lenin'

As communist radical of Russia, Lenin expropriated and redistributed land and nationalized banks and industry. In 1921, he fought for his New Economic Policy, which combined elements of capitalism with socialism, in an attempt to revive the struggling Russian economy. After an attempted assassination in 1918 and a stroke in 1922, Lenin died in 1924.

Articles Of Interest

  1.

    4 Misconceptions About Free Markets

    These fallacies have hounded free market economists since the days of Adam Smith.

  2. The History Of Economic Thought

    Economics is a vital part of every day life. Discover the major players who shaped its development.

  3. The History Of Capitalism: From Feudalism To Wall Street

    Find out how the economic system we now use was created.

  4. Are We Losing The Middle Class?

    Find out where your income and lifestyle put you compared to the national average.

  5. Why Country Funds Are So Risky

    High returns come at a price, but country funds may still be a good bet.

  6. Understanding BRIC Investments

    Brazil, Russia, India and China are becoming more popular for investing, but there is still plenty of risk among BRIC countries.

  7. State-Run Economies: From Public To Private

    Find out how former Iron Curtain countries used private enterprise to join the world financial markets.

  8. Adam Smith: The Father Of Economics

    This free thinker promoted free trade at a time when governments controlled most commercial interests.

  9. Austerity: When The Government Tightens Its Belt

    When a government tightens its belt in tough economic times the entire nation feels the squeeze.

  10. Approved: Paying Online Sales Tax

    States will now be allowed to collect sales taxes on purchases made from Internet-based retailers even if the retailer has no physical presence in that state.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center