Answer:
(i)
The Russian Revolution put an end to the autocratic Tsarist rule in Russia. It
abolished the Romanov dynasty.
(ii) It led to the establishment of world's first communist/socialist
government.
(iii) The new Soviet Government announced its with drawl from
the First World War.
(iv) The socialist government announced the nationalization
of all industries, private lands. Banks, mines, railways, telephones, etc.
These were declared as state's property.
(v) Planned economic development started at the time of Stalin.
Collectivization of agriculture was introduced by Stalin. From 1929, the party
forced all peasants to cultivate in collective farms.
(vi) Planned economy soon turned the USSR into a powerful industrial
nation by the Second World War.
Poverty began disappearing from Russia. With the outbreak
of World War II, USSR had given socialism a global face.
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