WORLD HISTORY

HISTORY

THE WORLD BETWEEN THE WARS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which economic theory was first put into practice in Russia when it became the Union of Soviet Socialist Republics after the Revolution?
A
Communism
B
Socialism
C
Capitalism
D
Keynesianism
Explanation: 

Detailed explanation-1: -In the Soviet Union the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods. The second Five-Year Plan (1933–37) continued the objectives of the first.

Detailed explanation-2: -The Kronshtadt Rebellion of March 1921 convinced the Communist Party and its leader, Vladimir Lenin, of the need to retreat from socialist policies in order to maintain the party’s hold on power. Accordingly, the 10th Party Congress in March 1921 introduced the measures of the New Economic Policy.

Detailed explanation-3: -The ideology of the Communist Party of the Soviet Union (CPSU) was Bolshevist Marxism–Leninism, an ideology of a centralised command economy with a vanguardist one-party state to realize the dictatorship of the proletariat.

Detailed explanation-4: -Gorbachev and his team of economic advisors then introduced more fundamental reforms, which became known as perestroika (restructuring).

There is 1 question to complete.