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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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Continue Learning about World History

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.