5867747
Description
Mind Map by Declan Wiseman, updated more than 1 year ago
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Created by Declan Wiseman
almost 8 years ago
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State Capitalism
- 6-8 months
- Some central control of economy, private markets remained
- Lenin feared that the workers were not
ready for socialism and things should move
slowly
- Workers were uneducated,
lacked management skills
- Output dropped, inflation rose due to lack of goods
- Peasants didn't sell surplus grain as money was worthless, so
cities struggled for food, Petrograd February 1918 citizens had
50g of bread per day
- To facilitate centralised control- Veshenka was set up December 1917 to supervise/control economic development
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