Question

What was the impact of the First World War on industries
5. Identify the following Revolutionary Socialists and write a few sentences about their vision of future society.
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Answer 1

Answer:

During the First World War, the British industries focused on meeting the war needs of the army. This led to the decline of imports from Manchester. This created a void in the Indian markets which was filled by the Indian industries. During the war, Indian industries also had to supply goods to the army.

Revolutionary socialism is a political philosophy, doctrine and tradition within socialism which stresses the idea that a social revolution is necessary in order to bring about structural changes to society. More specifically, it is the view that revolution is a necessary precondition for a transition from the capitalist mode of production to the socialist mode of production. Revolution is not necessarily defined as a violent insurrection; it is defined as seizure of political power by mass movements of the working class so that the state is directly controlled or abolished by the working class as opposed to the capitalist class and its interests.

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