Which of the following economic changes did the soviets make to Russia
The Soviets made several economic changes to Russia during their rule. Some of the key changes include:
1. Collectivization: The Soviet government implemented a policy of collectivization, whereby individual farms were consolidated into collective farms (kolkhozes) or state farms (sovkhozes). This aimed to increase agricultural productivity and eliminate private land ownership.
2. Five-Year Plans: The Soviet government implemented a series of five-year plans to rapidly industrialize the country. These plans set targets for various sectors of the economy and emphasized heavy industry, such as mining, steel production, and machinery.
3. State Ownership: The Soviets nationalized many industries, banks, and resources under state control. This included major sectors like mining, energy, transportation, and communications. Private ownership of businesses was largely abolished.
4. Central Planning: The Soviet government implemented a centrally planned economy, where production goals and resource allocation were determined at the national level. This involved detailed planning and control of economic activities, including setting production targets, determining prices, and allocating resources.
5. Command Economy: Under the Soviet system, the state exercised extensive control over the economy, including deciding what goods would be produced, how much, and at what prices. This led to a lack of market competition and limited consumer choice.
6. Planned Allocation of Labor: The Soviet government had significant control over labor allocation, with individuals often assigned jobs by the state. This included the establishment of labor camps (Gulags) for political prisoners and perceived enemies of the state.
These economic changes had a significant impact on Russia, transforming it from an agrarian economy to an industrialized nation. However, they also led to inefficiencies, shortages, and a lack of innovation due to the centralized planning and limited market mechanisms.