HISTORY
WORLD WAR I AND THE RUSSIAN REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lenin’s Communism
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Marx’s Communism
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“War Communism”
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New Economic Policy
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Detailed explanation-1: -Lenin wanted to regain the trust of the peasants and established the New Economic Policy. Farmers were now allowed to sell their additional products on the open market, but land still remained the property of the state. All the products were taxed and the state determined all prices.
Detailed explanation-2: -It permitted small businesses to make personal profits, while the state continued to control banks, foreign trade and large industries. Elements of capitalism such as individual profit and private ownership of land were permitted in order to revitalise the Russian economy.
Detailed explanation-3: -Lenin was the leader of the radical socialist Bolshevik Party (later renamed the Communist Party), which seized power in the October phase of the Russian Revolution of 1917. After the revolution, Lenin headed the new Soviet government that formed in Russia. He became the leader of the USSR upon its founding in 1922.