No, this rags to riches story is just a myth that Finland (the same goes for Norway) tell to themselves.
In reality, in the early 1900s, Finland was poorer than Western Europe and some British colonies, but richer than just about any other place in the world. Richer than Japan, Spain, Portugal, Greece, Poland - and about as rich as Austria or Italy.
Fast-forward to 2021 - Finland is poorer than Western Europe and some British colonies, but richer than just about any other place in the world. Not much of a change, really. This is an unfortunate, but repeated finding of development economics - policy, unless intentionally malevolent, matters very little to the long-run wealth