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peace and withdraw from the First World War. Also, all banks, private bank
accounts, factories and Church property were nationalized, foreign debts
were repudiated, and the 8 hour work day was established.
Perhaps the most significant result of the October Revolution was the
establishment of the Soviet Union and its Marxist-Leninist government, the
first such government anywhere in the world. Communism became one the
key defining elements of world affairs for the remainder of the 20th Century.