1.2- Nationalisation of Industry Flashcards
1
Q
what time period did the stalin purges take place?
A
in the 1930s
2
Q
death of stalin year
A
1953
3
Q
Brezhnev’s leadership time period
A
1964- 82
4
Q
collectivisation
A
the policy of creating larger agricultural units where the peasants would farm collectively rather than on individual farms
5
Q
command economy
A
economy that is controlled by state
6
Q
state capitalism (2)
A
- transitional stage between old bourgeoisie economy and new proletarian one
- lenin wanted to work with bourgeoisie because they had important skills that were needed, at least until bolshevik experts could take their place
7
Q
the three key measures of Lenin’s initial economic policy (3)
A
- land decree
- decree on workers’ control
- People’s bank of the russian republic
8
Q
the land decree (4)
A
- key measure in Lenin’s initial economic policy
- october 1917
- abolished private ownership of land
- land now to be in hands of people
9
Q
Decree on workers’ control (3)
A
- key measure in Lenin’s initial economic policy
- november 1917
- placed control of factories in hands of industrial workers
10
Q
People’s Bank of the Russian Republic (4)
A
- key measure in Lenin’s initial economic policy
- 27 December 1917
- all private banks nationalized
- all, including the state bank were united into the People’s Bank of the Russian Republic
11
Q
the effects of Lenin’s initial economic policy (5)
A
- gave power to workers and peasants
- but detrimental effect on economy
- because workers began giving themselves huge pay rises, which slowed production and caused inflation
- managers and those with important skills were removed
- Bolsheviks realized they needed more control over economy, so Vasenkha was set up