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Crop rotation and the peanut (after the failure of the cotton crops)

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Consider the type of economic activity in Europe shown in this image. Which feature of European economic systems in the Americas supported this type of activity?

Monopolies in the colonies controlled the trade of raw materials sent to Europe to be turned into finished goods.


What type of economic system did Russia turn to in the 1990s?

When the Soviet Union lost power in 1991, Russia abandoned it's socialist government and turned to democracy and took up the title of the Russian Federation.


How can work be turned into money or wealth?

£25 turned into Turkish Lira


What was a major economic challenge the us faced at the beginning of world war 2?

America was still struggling to emerge from the grip of the Great Depression when WWII began. In fact, it was the orders for arms and munitions, principally from the British Empire that turned the tide economically. War profits were the means of recovery.


How did the effects differ between industry and agriculture?

Significant changes weren't fully implemented until 1929 with the end of NEP (New Economic Policy). When Lenin died, Stalin continued this policy while instituting what is called Collectivization. It was a manner with which to collectively bring all aspects of life under the control of the government to ensure stability and efficiency of all aspects of agriculture and industry.Industry was already highly controlled by the Bolshevik government since they always stood for the workers, but they viewed the peasants, profiting off their farms while the workers starved as being unjust. They therefore collectivized the farmland and turned the farms into agricultural factories. All of Soviet society was made to run like a machine (in theory).When considering Lenin and Stalin, changes can be seen in the institution of NEP in the first place as Lenin had begun to decline in health and Stalin capitalized on his weakened state by assuming the prime role of leadership in the party... Stalin's changes to agriculture and industry have nothing to do with Lenin, merely another example of Stalin manipulated the situation to meet his own needs.Read more: Why_did_Stalin_immediately_begin_to_change_agriculture_and_industry_after_succeeding_Lenin_in_1924

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