State Capitalism Flashcards
1
Q
When was state capitalism implemented
A
1917-1918
2
Q
What did state capitalism include
A
-mixed economy
-companies could be under private ownership but with tight state control
-abolished private ownership of land
-start of ‘long road’ to socialism
3
Q
What were the positives of state capitalism
A
-move towards socialism
- workers had a say in company decisions through committees
4
Q
What were the negatives of state capitalism
A
-workers not skilled enough for responsibility they were given
-this lead to more money than good so inflation rose
5
Q
What were the effects of state capitalism
A
-February 1918- 50g of bread a day ration in Petrograd
-high inflation
-starvation
-food riots in 1918
