State Capitalism Flashcards
1
Q
Sum up state capitalism
A
Half way between capitalism and socialism
2
Q
Why was state capitalism needed
A
Socialism could only develop in an industrialised society- which Russia was not
3
Q
Describe the ideal socialist economy
A
No private ownership and all members of society share state resources
4
Q
Why was the Decree on land (1917) passed?
A
An incentive for peasants to farm, so city wouldn’t starve
5
Q
What was the decree on workers control of factories for?
A
Made workers responsible for maintaining production
6
Q
What did the Bolshevik nationalise between 1817-1918 under state capitalism
A
Banks - External trade - Railways -
7
Q
What was Veshenka for?
A
Took responsibility for all existing institutions for regulating economic life
