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AP World History: Modern
Unit 6 – Industrialization's Impact (1750-1900)
Topic 6.4
What could be different if Russia had adopted free-market capitalism instead of planned economy following serfdom's abolition?
There would be no significant alteration in Russian history as it was heavily dependent on agriculture.
Russia would not become a major world power due to Western dominance in capitalism.
A more competitive economy might have resulted, possibly leading to a different global economic dynamic during the Cold War era.
Social inequality would disappear with free-market capitalism in place.
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AP World History: Modern - 6.4 Global Economic Development from 1750 to 1900
Key terms
Free-Market Capitalism
Planned Economy
Serfdom's Abolition
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Cram Mode
AP Score Calculators
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Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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