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What is the best summary of the new economic direction after the Russian Revolution?

Answer and explanation

Correct answer: A shift from a private-ownership-based order towards a state-controlled socialist direction

After the Bolsheviks came to power, they sought to replace the old order of private ownership and capitalist control with a socialist economy directed by the state. Banks and major industries were brought under state control, and land was taken from large estates and redistributed or placed under new arrangements. The exact policies changed over time: War Communism was followed by the New Economic Policy, which allowed some limited private activity. Even with that qualification, option A gives the best broad summary. Options B, C and D contradict the direction of Bolshevik economic policy.

Related tags

Economic ChangeState ControlSocialist EconomyWhat Changed After October?What Changed After OctoberSocialism In Europe And The Russian RevolutionHistoryClass 9 Mcq

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