What name did the Bolsheviks bestow on their economic policies of state ownership of large industries and requisitions of food and raw materials in 1918?

A) the New Economic Policy
B) the War Communism
C) the State of Emergency
D) the Five-Year Plan
E) the New Deal

War Communism

An economic and political system that was implemented by the Bolsheviks during the Russian Civil War, characterized by the nationalization of industry and the forced requisition of agricultural produce.

State Ownership

The scenario where assets, enterprises, or properties are owned and controlled by the government rather than private entities.

Economic Policies

Strategies and decisions made by a government concerning the economic management of the country, including taxation, government spending, and interest rates.