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What shift in economic power resulted from nationalising the banks?

Answer and explanation

Correct answer: Financial control shifted from private owners to the state

When banks were nationalised in 1917, their ownership and control shifted from private owners to the state, giving the state greater influence over finance.

Related tags

NationalisationBankingWhat Changed After October?What Changed After OctoberSocialism In Europe And The Russian RevolutionHistoryClass 9 Mcq

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