Vladimir Lenin

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 inRussia 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.

BREAKING DOWN '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.



RELATED TERMS
  1. Karl Marx

    A philosopher and economist famous for his ideas about capitalism ...
  2. Russia ETF

    An exchange-traded fund that invests in Russian stocks, either ...
  3. Michael Bloomberg

    Michael Bloomberg is one of the wealthiest persons in the world ...
  4. Market Challenger

    A firm that has a market share below that of the market leader, ...
  5. Industrial Revolution

    A period of major industrialization that took place during the ...
  6. John Stuart Mill

    A nineteenth-century British philosopher and classical liberal ...
Related Articles
  1. Markets

    Emerging Markets: Analyzing Russia's GDP

    Understanding the GDP composition of the world's largest country, Russia.
  2. Markets

    Investing In Russia: A Risky Game?

    You might be better off playing roulette if you don't understand the risks of investing here.
  3. Markets

    Is Russia’s Economy Really Healing? (RBL)

    Is Russia’s Economy Really Healing?
  4. Markets

    Why the USSR Collapsed Economically

    While initially experiencing rapid economic growth, the Soviet command economy collapsed after it grew more complex.
  5. Markets

    How Russia Makes Its Money - And Why It Doesn't Make More

    How does Russia make its money, and why doesn’t it make more?
  6. Markets

    Russia Plans To Return To The Foreign Bond Market

    Russia is planning to return to the foreign bond market to raise money to meet its financial crunch
  7. ETFs & Mutual Funds

    What to Expect from Russia's Oil-Dependent Economy

    The fate of Russia's economy is for the most part determined by the price of oil. Here's how it's likely to play out.
  8. Markets

    The Russian Economy Since the Collapse of the Soviet Union

    Russia's economy has had its ups and downs since the fall of the USSR, but it is clear that it needs to be weaned off its resource dependence.
  9. Markets

    How Bad is Russia's Economy?

    The Russian economy is facing many headwinds. It could get worse before it gets better.
  10. Markets

    3 Signs the Russian Economy Is Recovering

    Understand what has caused the Russian economy to decline in the past 18 months. Learn about key factors that are helping it recover.
RELATED FAQS
  1. What makes command economies fail?

    Read about three competing theories about the failure of socialism and command economies: human incentives, political corruption ... Read Answer >>
  2. How did the Soviet economic system affect consumer goods?

    Discover how the now-defunct Soviet economic system affected domestic consumer goods markets. Communist ideology dictated ... Read Answer >>
  3. Is Russia a developed country?

    Learn why Russia, despite once reigning alongside the United States as a world superpower, does not qualify as a developed ... Read Answer >>
  4. How does the price of oil affect Russia's economy?

    Discover how the changes in the price of oil affect Russia's economy. As a net exporter of oil, Russia depends on robust ... Read Answer >>
  5. What can we do if my ex-husband is trying to get his 401k to cash out from his previous ...

    How can my ex-husband get it if he has been unemployed since  Read Answer >>
  6. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood. He started saving while other children were at the playground, ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center