Question

What was the economic condition of Russia in 1917?

Answer 1

Answer:

Russia consisted mainly of poor farming peasants, with 1.5% of the population owning 25% of the land. The rapid industrialization of Russia also resulted in urban overcrowding and poor conditions for urban industrial workers .

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Answer 2

Answer:

By October 1917 the economy was unquestionably in crisis. The political turmoil that followed the February Revolution had compounded the economy's already serious problems. There was a precipitous collapse in labour productivity, output slumped, and the urban food and fuel shortages became acute.