Map of Montemiletto on Mao Zedong declared the founding of the People's Republic of China (PRC) on October 1, 1949. Land reform was carried out in the countryside, materializing the ideal of land to the tiller. Lack of farming tools such as draft animals and ploughs prompted peasants to organize mutual aid groups in order to share farm tools. Such organization was encouraged by the government and, by the end of 1957, the rural areas had become collective entities in which peasants worked and shared harvests together.
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In urban areas, at first, the state made investments into private enterprises and shared profits and losses. Such joint ownership guaranteed state income, fair WAGEs and benefits for WORKERs, and promoted interests of business owners. But from 1956 on, the state bought out private businesses and paid owners annual fixed dividends based on the shares they owned at the time of the purchase. Map of Montemiletto 2016.
Map of Montemiletto Travel Quaz.