How was the Russian economy transformed by the Russia Revolution?(1 point)
Responses
It distributed land in the hands of the elites.
It became controlled by an autocrat.
It became a centrally planned command economy.
It adopted capitalist practices.
It became a centrally planned command economy.
How did Portuguese and Spanish colonial expansion support each other?(1 point)
Responses
Silver from Spanish America financed imports from Asia by the Portuguese.
Spanish soldiers helped the Portuguese conquer territory in Africa and Asia.
The Portuguese used Spanish bases along the coast of Africa for their trade.
The two countries had an alliance that supported military expeditions.
Silver from Spanish America financed imports from Asia by the Portuguese.
The correct answer is: It became a centrally planned command economy.
During the Russian Revolution in 1917, the Russian economy underwent a significant transformation. The Bolsheviks, led by Vladimir Lenin, seized power and implemented a series of economic changes. One of the key changes was the shift towards a centrally planned command economy.
To find the answer to this question, you can analyze the events and policies implemented during the Russian Revolution. Researching the ideology of the Bolsheviks and the economic changes they implemented will provide insights into how the Russian economy was transformed.
The Bolsheviks believed in the abolition of private property and the establishment of a socialist economy in which the means of production would be owned and controlled by the state. As part of this transformation, they nationalized major industries, banks, and land, effectively transferring control from private hands to state hands.
Under the new economic system, the state played a dominant role in planning and directing economic activities. The government set production targets, allocated resources, and determined the prices of goods and services. This central planning approach aimed to prioritize the needs of the state and society as a whole, rather than the interests of private individuals or businesses.
This centrally planned command economy represented a departure from capitalist practices and the market-based economy that was prevalent before the revolution. The Bolsheviks sought to establish a more egalitarian society with the state taking a leading role in economic decision-making.
In summary, the Russian Revolution transformed the Russian economy by shifting it towards a centrally planned command economy, where the state controlled major industries, banks, and land.