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Q.

The Bolshevik government initiated ____ year plans for the centralised growth of Russia.

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Detailed Solution

The Bolshevik government initiated Five-year plans for the centralised growth of Russia. Under the five-year plans, a maximum of the products and services would be nationalised. Private means of production, such as land and factories, would be declared the state's property. The private holdings are shared under the state rules. All the banks, industries, insurance companies, water transport and railways would be nationalised. The authority remained in the hands of the socialist government. The government regulated the prices to encourage industrial growth in the first two-five years plans.

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