 Agricultural Russia was sufficiently developed for establishing capitalism, but it was insufficiently developed for establishing socialism.For Bolshevik Russia, the 1921–1924 period featured the simultaneous occurrence of economic recovery, famine (1921–1922) and a financial crisis (1924).By 1924, considerable economic progress had been achieved and by 1926 the Bolshevik government had achieved economic production levels equal to Russia's production levels in 1913.