what best summarizes an economic consequence of the russian revolution

Answer 1

A key economic consequence of the Russian Revolution was the shift from a predominantly agrarian economy to a state-controlled, centralized economy under the leadership of the Bolsheviks. The revolution led to the nationalization of industry and the redistribution of land, which aimed to eliminate class disparities but resulted in significant disruption to production and trade. This shift also led to widespread famine, particularly during the War Communism period, as agriculture was poorly managed, and resources were redirected towards the military and urban workers. Ultimately, the revolution set the stage for the later implementation of the New Economic Policy (NEP) in 1921, which reintroduced some elements of capitalism to stabilize the economy.