Every revolution has a cause behind it, and definitely, if there’s a cause, there will be some significant consequences as well. One of the biggest outcomes of any revolution is development, and the degree of it will be determined by how the entire world treats it. The Russian revolution is one such instance which proves to be a showstopper amongst all the revolutions that have taken place in the global scenario. The main perspective being the creation of a home market, the Russian revolution actually had a greater cause as well- the destruction of a political condition that turned out to be unbearable. Any failure in it, would actually postpone the social catastrophe and deliver an enhanced stage of oppression.
While the entire world believes that the first revolution that occurred in 1905 went completely in vain, many renowned and highly educated historians are of the opinion that a single drop of bloodshed in a mass movement never goes in vain. Orlando Figes, who has been studying the history of Europe with a special note on the Russian revolution, is strictly against the ways conversationalists have portrayed it. He believes one need to have a keen eye to judge the real effects of a revolution, and stereotyping them in the books of history only degrades its value.
In case of the first phase of Russian Revolution, the old autocracy finally gave up and hence, the new pseudo-constitutional regime took its place. Those who would like to view it from the economical structure are of the belief that the first revolution even had some consequences which cannot be overlooked under any circumstances. The entire national industrial structure was brought subject to change, and the equation between the classes kept changing. Several new reforms were brought into action developing a scenario which could pose strongly for equality.
Another significant consequence of the Russian Revolution was the formation of the modern capitalist wing, and their growing to prominence. Rationalist historians like Orlando Figes believe that it was the changing conditions of the world market that actually attributed to this whole new phenomenon. The price of wheat and rice kept on advancing almost every alternative hour, and going by the modern capitalistic methods, large-scale production became easier. One major failure of the revolution was the lack of making a home market, but that gave the chance of the foreign investors make some space of their own.
The entire financial condition can be best described as chaotic, and hence there was definite depreciation in the value of money. As the cost of living kept growing higher, monopoly market once again crept into the market slowly. These are some of the important observations that actually change the significance of the Revolutions in the world history.
According to Figes, one who has the power of analyzing these key roles of every historical moment turns out to be a true historian. The Economic Foundation upon the political superstructure gives the prominence to historical events, and realizing them makes the life of historians successful.