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Why is it an analytical mistake to limit economic changes after October only to bank nationalisation?

Answer and explanation

Correct answer: Because changes were also made in land, industry, trade, distribution and grain policy

Bank nationalisation was only one part of the economic transformation after the October Revolution. The Bolshevik government ended landlordism and moved land towards social control, expanded state control over industry, regulated trade and distribution, and later used grain-procurement policies. Therefore, restricting the analysis to banks gives an incomplete picture. Option B is incorrect because banks were in fact nationalised. Exam tip: mention at least three sectors—banks, land and industry—when describing these changes.

Related tags

October RevolutionBank NationalisationBolshevik Economic PolicyLand ReformsState ControlRussian RevolutionWhat Changed After October?What Changed After October

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