Vladimir Lenin

AAA

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.

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.



RELATED TERMS
  1. Capitalism

    A system of economics based on the private ownership of capital ...
  2. Marxism

    A social, political and economic philosophy that examines the ...
  3. Karl Marx

    A philosopher and economist famous for his ideas about capitalism ...
  4. Equilibrium

    The state in which market supply and demand balance each other ...
  5. Classical Economics

    Classical economics refers to work done by a group of economists ...
  6. Invisible Hand

    A term coined by economist Adam Smith in his 1776 book "An Inquiry ...
Related Articles
  1. Economics

    Adam Smith: The Father Of Economics

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

    4 Misconceptions About Free Markets

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

    The History Of Economic Thought

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

    The History Of Capitalism: From Feudalism To Wall Street

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

    Are We Losing The Middle Class?

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

    Why Country Funds Are So Risky

    High returns come at a price, but country funds may still be a good bet.
  7. Mutual Funds & ETFs

    Understanding BRIC Investments

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

    State-Run Economies: From Public To Private

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

    How is the invisible hand affected in a communist or socialist economy?

    Discover why the invisible hand of the market is compromised by socialist and communist economies, where the government controls the means of production.
  10. Economics

    What is the affect of the invisible hand on the government?

    Find out why government policy goals are often frustrated by the same forces that guide the invisible hand of the market towards efficient outcomes.

You May Also Like

Hot Definitions
  1. Command Economy

    A system where the government, rather than the free market, determines what goods should be produced, how much should be ...
  2. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  3. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  4. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  5. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  6. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
Trading Center