WORLD HISTORY

Detailed explanation-1: -After only seven years of NEP, Lenin’s successor Stalin introduced full central planning, re-nationalized much of the economy, and from the late 1920s onwards introduced a policy of rapid industrialization. Stalin’s collectivization of agriculture was his most notable departure from the NEP approach.

Detailed explanation-2: -In 1928, Stalin launched his First Five-Year Plan to speed up the process of industrialisation in the Soviet Union so that it could compete with output levels in developed capitalist economies.

Detailed explanation-3: -Command Economy: Collectivization The Five Year Plans used a policy called forced collectivization which was intended to increase agricultural output from large government-owned farms created through the integration of smaller private farms. Farm owners and peasants did not have a choice.

Detailed explanation-4: -In 1928 Stalin introduced an economic policy based on a cycle of Five-Year Plans. The First Five-Year Plan called for the collectivization of agriculture and the expansion of heavy industry, like fuel extraction, energy generation, and steel production.