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.

  1. Socialism

    An economic and political system based on public or collective ...
  2. Market Challenger

    A firm that has a market share below that of the market leader, ...
  3. Expropriation

    The act of taking of privately owned property by a government ...
  4. Capitalism

    A definition of capitalism, describing its history, how it differs ...
  5. RUB (Russian Ruble)

    The Russian Ruble (RUB) is the currency of Russia and is the ...
  6. Peter Lynch

    One of the most successful and well known investors of all time. ...
Related Articles
  1. Insights

    Countries Friendly to Russian Business

    Russia's largest trading partners include China and the European Union. Learn about the goods and services that Russia exchanges with these countries, despite past political controversy.
  2. Insights

    What Exactly is a Socialist Economy?

    Socialism's role in the world has changed dramatically in the last several decades.
  3. Investing

    Will China Suffer a Fate Similar to That of the Soviet Union?

    Many parallels could be drawn between the former USSR and today's China, but the one similarity the CCP wants to avoid is the Soviet Union's collapse.
  4. Investing

    Is It The Right Time To Invest In Russia? (RSX, ERUS)

    The oil price recovery, Trump/Putin detente, and low ruble valuations are making Russia an attractive bet once again.
  5. Investing

    Is Russia Really an "Ordinary Corrupt Petrostate"?

    Economist Paul Krugman made a number of claims about Russia's economic situation and Putin's responsibility for it Monday. We take a look at the numbers.
  6. Insights

    Is Argentina a Socialist Country?

    Find out why it does not really make sense to call Argentina a socialist country, even though the South American nation has many socialistic tendencies.
  7. Investing

    From Russia With ETF Opportunity

    Russia's economy is emerging from a long recession. These ETFs could benefit.
  8. Financial Advisor

    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.
  9. Investing

    How Bad Will It Get for Russia in 2016?

    With an economy that is highly dependent on oil and gas exports, the shrinking oil prices have hit Russia hard. This bad news begs a question: is Russia’s economy headed for collapse in 2016?
  10. Investing

    Europeans Grow Frustrated With Russian Sanctions (RSX)

    The French Senate voted last week in favour of a non-binding agreement to urge the government to lift the EU's economic sanctions on Russia
  1. What is the difference between Communism and Socialism?

    Communism and socialism are umbrella terms referring to left-wing schools of economic thought that oppose capitalism. 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. 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 >>
Hot Definitions
  1. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  2. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  3. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
  4. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  5. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  6. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
Trading Center