WORLD HISTORY

Detailed explanation-1: -Under Soviet communism, the state controlled all property and economic activity, while in the capitalistic American system, private citizens controlled almost all economic activity.

Detailed explanation-2: -Collectivization and Industrialization. In November 1927, Joseph Stalin launched his “revolution from above” by setting two extraordinary goals for Soviet domestic policy: rapid industrialization and collectivization of agriculture.

Detailed explanation-3: -Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided. The most important originators of communist doctrine were Karl Marx and Frederick Engels.

Detailed explanation-4: -The socialist economic system and socialist ownership of the means of production, which come in two forms: state property and cooperative and collective-farm property, form the basis of the republic’s economy.

Detailed explanation-5: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

Detailed explanation-6: -Regime. The regime maintained its political power by means of the secret police, propaganda disseminated through the state-controlled mass media, personality cultism, restriction of free discussion and criticism, the use of mass surveillance, political purges and persecution of specific groups of people.