Decrees (Land & Workers)

Question 1

What were the economic implications of the land decree

Answer 1

• Grain production fell
—> 80.1million tonnes (1913) to
46million tonnes (1920)

Question 2

What were the economic implications of the workers decree?

Answer 2

• Industrial Output 20% of pre-WW1 levels by 1920.

• Factory Closures: Over 50% of factories in major cities forced to close due to lack of resources and mismanagement.

• Urban Migration: Significant migration from cities to rural areas
—> people sought food
—> decrease in urban population.

• Inflation
Hyperinflation over 400% per month by 1922
—> currency almost worthless.