1) One of the very first Bolshevik decrees was the Decree on Land. All land was taken from the Aristocracy and granted to the village soviets. This was designed to mollify the peasant supporters of the Socialist Revolutionary Party - the largest party in Russia. The peasants were able to hire labourers to help at harvest time.
2) As the Civil War erupted Lenin began the policy of War Communism. This was designed to feed the cities and the Red Army, but was disastrous for the peasants, as the Red Guards seized grain surpluses at gunpoint.
3) As the Bolsheviks began to win the Civil War, Lenin realised that the economy was ruined and needed a boost, so he began the New Economic Policy. This was a temporary measure, just until the economy recovered from the ravages of 7 years of war. Peasants were allowed to buy and sell on the open market. They were allowed to sell their surpluses, and to hire labourers.
4) The establishment of an agricultural state bank. This was designed to loan money to peasants to help them purchase industrial products and new machinery for their farms - as such it was also designed to help industry.
5) The establishment of state and collective farms. State farms were established on the former estates of the aristocracy, where no peasants had farmed before. Collective farms pooled resources like machinery and manpower, they were voluntarily entered into until the late 1920s. The purpose was both ideological - the Bolsheviks thought that collective forms of working and ownership were free from exploitation - and practical - the first collective farms were in areas of high crop yields, by farming together the peasants could keep costs down and productivity up.
See:
The Soviet Union 1917 - 1991 by Martin McCauley.
Things that can affect economic growth include: interest rates, the political environment, weather and a host of other things. The Federal Reserve sets monetary policies to help combat these factors.
El Salvador's government policies impacting economic decisions include the adoption of Bitcoin as legal tender, aimed at fostering innovation and attracting foreign investment. The government also emphasizes public investment in infrastructure and social programs to stimulate economic growth. Additionally, policies targeting tax incentives for businesses and efforts to improve the ease of doing business are designed to enhance the local economy. However, challenges such as political stability and security issues continue to influence economic outcomes.
Macroeconomists study the overall economy and its broad aggregates, focusing on factors such as national income, inflation, unemployment, and economic growth. They analyze how these elements interact and influence policies that affect the economy as a whole, including fiscal and monetary policies. Their research helps to understand economic cycles and inform government and central bank decisions aimed at stabilizing and promoting economic health.
"Explain how different monetary policies affect the money supply in the economy?"
Monetary policies, such as expansionary and contractionary measures, directly influence the money supply and overall economic activity. Expansionary policies, like lowering interest rates or purchasing government securities, increase the money supply, encouraging borrowing and spending to stimulate economic growth. Conversely, contractionary policies, such as raising interest rates or selling government securities, reduce the money supply, aiming to curb inflation by dampening borrowing and spending. These adjustments can significantly impact inflation rates, employment levels, and overall economic stability.
Agriculture provides food security, jobs, and economic stability in society. It also shapes cultural practices, community ties, and land use policies. However, industrial agriculture can also have negative impacts on the environment, such as deforestation, water pollution, and loss of biodiversity.
Things that can affect economic growth include: interest rates, the political environment, weather and a host of other things. The Federal Reserve sets monetary policies to help combat these factors.
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Jacques Chirac is the second-most serving president of France. He did affect the French economy positively thanks to his socially responsible economic policies.
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By trying out policies that might later affect the entire nation
Agriculture significantly impacts Georgia's workforce by providing numerous jobs, particularly in rural areas where farming is a primary economic driver. It supports a range of employment opportunities, from field laborers to agribusiness roles in processing, marketing, and distribution. Additionally, the agriculture sector stimulates related industries such as transportation and retail, further enhancing job creation and economic stability in the state. Overall, agriculture remains a vital component of Georgia's labor market and economic health.
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