SUMMARY OF THE SITUATION BY THE END OF 1920
Now that we have examined the salient features of the situation in Russia resulting from her three years' experiment in the economics of Communism, we can retrace our steps and reconstruct in general outlines the process through which all this has come about.
It is generally admitted and it is, no doubt, true that Bolshevism in Russia, which has taken the shape of her experiment in Communism, is the direct outcome of the world war. The years of the war have produced wide- spread and deep-rooted effects upon the life of the world. Particularly telling have these effects been in the domain of man's economic life. The manifestations of these effects are universal and familiar enough: labor unrest, contraction of production, rise in prices, profiteering, etc.; in short, an economic crisis of unusual extent and intensity. Described in terms of a thinker who would be classified to-day as a conservative, this crisis means, essentially, the reaction to the demoralization produced by the war. Described in terms of a Socialistic thinker, the crisis is the expression of a preponderance of consumption social psychology over production social psychology, instead of vice versa as in normal times. Finally, described in terms of a Com-