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Word Count: 813
In 1848 Karl Marx and Friedrich Engels boldly declared in The Communist Manifesto A spectre is haunting Europe the spectre of Communism Indeed the stirrings of Communism were witnessed that year in the revolutions that occurred in countries from France to Germany However Marxs visions of a communist revolution would not be carried out until nearly seventy years later with the Russian Revolution of 1917 Yet Marxs predictions of a stable economic system were soon crushed as despotism and greed- staples of the overbearing capitalist system soon reigned in Russia Despite the Soviets attempts to instate Marxs theories they found that many of his theories were either too vague or simply inapplicable in society Thus as seen in the case of the USSR Marxs economic theories are not applicable on a grand scale In the USSR various aspects of Marxs economic plan were implemented While at first the major Russian industries were nationalized and private trade was prohibited this radical economic change led to economic chaos Thus Vladimir Lenin the first ruler of Communist Russia implemented a slow process of socialization called the New Economic Policy Under the New Economic Policy NEP the government controlled the large industries yet it turned the smaller industries over to private owners The purpose of the NEP was to facilitate a smooth transition to a Marxist system that would not be overly rash Under Stalin however a different economic philosophy dominated for he believed that the state should dictate and hasten the collectivization of agriculture and the industrialization and socialization of the economy in Russia Thus Stalin implemented a series of Five-Year Plans all of which led to the greatest industrial growth ever witnessed in the history of the world The Five-Year plans regulated industrialization and determined what resources were needed for production all for the purpose of increasing the wealth and self-sufficiency of the USSR so that it would not have to rely on the aid of Western
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