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Q: Economic and political system in which society as a whole owns all property and operates all businesses?
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Did the economy collapsed because of World War I?

No, wars tend to happen after an economic downturn. World War 1, like most wars, mostly froze economies because all attention was toward production of war materials. After WWI, again like most wars, there was/is a short time when soldiers and workers that were making items for military use are out of work. This is also when a demand for goods that are not war related is high. These may have been in short supply during the war and are the start of turning from 'war supply' to 'consumer supply'. Wars are often used to hide political and economic problems. After all, all wars are political. Either to gain support, take something, or hide something. There is the other side - those who defend against their land and property being taken or that are labeled 'the bad guy' by the attacker. Like Hitler claiming that Gays and Jews were the cause of Germany's economic problems, like Al Qaeda labeling countries 'satan' because they are not of the same religious/political persuasion.

What were some of the first things that Lenin did when he came to power in Russia was?

The very first thing Lenin did was to abolish the private ownership of property and nationalize such property in the central government. Later things were abolishing all other political parties, ending Russia's involvement in World War 1 and instituting the Red Terror whereby all dissenters from his programs were wither arrested, exiled or murdered.

Why did antidemocratic government ride to power in postwar Europe and Asia?

It order to have republics, you have to have republicans, that is, an assertive middle class of significant economic and political power with leadership capable of maintaining a governing coalition committed to the rule of law, constitutional government, and private property. Without such a vibrant class, democratic republics, and for that matter, constitutional monarchies, usually have short lives. With that being said, most countries that fell to tyranny after the Second World War were challenged, if not invaded, by armed communist parties committed to the end of private property, contractual enforcement, individual rights, religion, traditional morality, traditional families, the middle class, and intermediary institutions such as clubs, charities, unions, cooperatives, and churches. Each country from East Germany to Vietnam has its own sad story.

How was property and wealth passed down through a family?

a) by will - leaving property to a designated individual. b) by entail - arranging for property always to pass to (usually) the eldest male heir. c) Under intestacy rules - legal rules for the disposal of property when no will had been made.

What happened during the reign of terror?

To rid France of all symbols of the monarchy.

Related questions

Economic and political philosiphy that favors public or social instead of private control of property and income?


What is a political and economic framework where all property is collectively owned and labor is organized for the common advantage of the community?


How do you get rid from political slavery?

Political slavery doesn't exist. Economic slavery does. One reason political slavery doesn't exist is the people in the government can change the government. Slaves are property and are owned by someone.

What promotes economic growth in cities?

A variety of different things promote economic growth in cities. Incentives for new businesses to build, such as low property taxes and reasonable lease rates are some examples.

How is property created?

How property is created is a matter of debate in political philosophy and contract theory in economics. Generally, most economists assume that property is a matter of contract, by which property belongs to a party based on agreements between different economic actors.

In what countries a single authoritarian party usually controls the political system and the government owns most property and directs the majority of economic activity?

When a single authoritarian party controls the political system and the government owns most property and directs the majority of economic activity, it is a communism. Communist countries include China, Cuba, and Vietnam.

What is an economic system in which the government owns most property and businesses and people have little freedom?

Well, the name for this type of system is centrally planned, and one country with this economic system is China.

What is capitalisum?

Capitalism is a political or economic system that a country's industry or trade is being controlled by private owners for property. Capitalism has continued throughout history.

What is economic security concerned with?

Property Rights.Economic security is concerned with ensuring enough money is available regardless of outside conditions. This is particularly true for businesses and those with many financial obligations.

Is it considered trespassing on private property if there are two businesses on that property?

Your question is unclear. If the owner of the property asks you to leave, and you do not, you are technically trespassing. There being one, two, or eighty-five businesses there is irrelevant. However, simply locating two businesses on private property, with the consent of the owner of that property, is not trespassing. If it were, shopping malls couldn't exist.

What has the author Jakob Svensson written?

Jakob Svensson has written: 'When is foreign aid policy credible?' -- subject(s): Conditionality (International relations), Economic assistance 'Investment, property rights and political instability theory and evidence' 'Foreign aid and rent-seeking' -- subject(s): Political corruption, Economic assistance

What did the economic recovery tax act of 1981 do?

It was an act "to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes".