Lenin’s New Economic Policy (1921) had an impact on the policies that India quickly embraced after gaining independence. Assess.(150 words) [UPSC 2014]
The war between France and Germany that lasted for a period of one year from 1870-1871 was a significant war as it altered European politics. The quick defeat of Prussia and its German allies over France led to the creation of Germany as well as the assertion of the power of Germany over other countRead more
The war between France and Germany that lasted for a period of one year from 1870-1871 was a significant war as it altered European politics. The quick defeat of Prussia and its German allies over France led to the creation of Germany as well as the assertion of the power of Germany over other countries.
The war was well planned under the leadership of the Prussian Chancellor Otto von Bismarck in such a way that it would compel the French to declare war and to gain the support of other independent German states. France was defeated, and Emperor Napoleon III was taken along with the Second French Empire, ending in the Treaty of Frankfurt. This treaty transferred the regions of Alsace and Lorraine to Germany and demanded a large sum of war damages, which virtually drained France.
It covered the supremacy of the German Empire in Europe and made Bismarck not only the uniter of Germany but the greatest statesman. Bismarck took control over politics within the German Empire after and during the war, earning the nickname ‘Iron Chancellor’. Hence, the Franco-German war undoubtedly dominated, and Germany became the mistress of Europe and placed Bismarck as the master of Germany.
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Influence of Lenin’s New Economic Policy (1921) on Post-Independence Indian Policies Overview of the New Economic Policy (NEP) 1921 Lenin's New Economic Policy (NEP) of 1921 was a strategic shift from war communism towards a mixed economy, combining state control with limited market mechanisms to reRead more
Influence of Lenin’s New Economic Policy (1921) on Post-Independence Indian Policies
Overview of the New Economic Policy (NEP) 1921
Lenin’s New Economic Policy (NEP) of 1921 was a strategic shift from war communism towards a mixed economy, combining state control with limited market mechanisms to revive the Soviet economy. It allowed private ownership of small businesses and encouraged agricultural production, aiming to stabilize the economy and ensure a smoother transition to socialism.
Impact on India’s Post-Independence Policies
After India gained independence in 1947, the Indian government adopted several economic policies influenced by the NEP’s principles, albeit in a modified form:
Recent Examples
India’s economic liberalization policies of 1991 and subsequent reforms echo the NEP’s balance between state control and market dynamics, reflecting a pragmatic approach to economic management.
Conclusion
See lessLenin’s NEP influenced India’s economic policies by advocating a balanced approach between state intervention and market mechanisms, shaping India’s early post-independence economic strategies.