Bolshevik Consolidation: Economic & Social Developments Flashcards

1
Q

State Capitalism

A
  • Lenin knew socialism could only develop in an industrialised society - Russia not one.
  • State Capitalism - imposed degree of state control but retained elements of capitalism such as private markets.
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2
Q

Response to State Capitalism

A
  • Many Bolsheviks disproved of any compromise with old capitalist system.
  • They demanded radical change - nationalisation of all businesses, abolition on money.
  • Lenin envisaged a long transition.
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3
Q

How did the Bolsheviks develop greater state control over the economy?

A
  • Nationalisation of banks (Dec 17) and railways (June and Sep 18).
  • Veshenka (Dec 17) - took responsibility for the regulations of economic life.
  • GOELRO (1920) - organised production and distribution of electricity.
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4
Q

Problems of State Capitalism

A
  • Workers failed to organise factories efficiently.
  • Output shrank.
  • Workers gave themselves unsuitable pay rises & helped themselves to stock.
  • Lacked the skills needed for successful management.
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