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Bolsheviks opposed private property in Russia.

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Detailed Solution

The above mentioned statement is true.
Bolsheviks opposed private property in Russia.
The Bolsheviks categorically condemned private property. In November 1917, most of the industries and banks were nationalized. This meant that ownership and management were transferred to the government. The land was designated as social property, and peasants may seize nobility-owned land. Following the October Revolution, the Bolsheviks primarily implemented the following changes, Since they were adamantly opposed to private property, most businesses and banks were nationalized. The land was designated as social property, and peasants may seize nobility-owned land. In urban areas, the Bolsheviks divided large homes into sections based on the family's needs. They outlawed the usage of previous aristocratic titles.

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