Soviet Russia

Definition

Soviet Russia refers to the period from 1917 to 1991 when Russia was under communist rule. It was characterized by a planned economy, collective ownership of resources, and centralized control by the Communist Party led by figures like Lenin and Stalin.

Related terms

Command Economy: An economic system in which production, distribution, and prices are determined by a central authority (usually the government) rather than market forces.

Five-Year Plans: Series of centralized plans implemented in Soviet Russia with specific economic goals to promote rapid industrialization and agricultural collectivization.

Collectivization: The process of combining small agricultural holdings into larger farms owned and operated collectively under state control. It was an essential aspect of Soviet agricultural policies.