He led the October Revolution of 1917, in which the Communists seized power in Russia. He then ruled the country until his death in 1924. ... In short, Lenin called for the overthrow of the provisional government and its replacement with a communist form of government led by the working class. Lenin believed that a key policy of his government must be to withdraw from the ongoing First World War by establishing an armistice with the Central Powers of Germany and Austria-Hungary.
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When Karl Marx stated that religion was the <u>opiate </u><u />of the <u>masses </u><u />, he was referring to the way that religion kept workers <u>obedient</u><u /> by promising happiness in the <u>afterlife</u>.
Karl Marx felt very strong about organized religion. He felt that that religion was used as a tool to keep citizens obedient. Organized religion would help ensure that no citizen would question the society they live in. Marx considered religion as a technique by powerful officials to keep normal citizens clueless as to what is going on in a society.
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A decrease in the discount rate makes it cheaper for commercial banks to borrow money, which results in an increase in available credit and lending activity throughout the economy. ... The higher the reserve requirements are, the fewer room banks have to leverage their liabilities or deposits.
