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The victorious revolution of the workers and peasants in 1917 was legally established in the Bolshevik calendar as the October Revolution. There is sane truth in this, but it is not entirely exact. In October 1917 the workers and peasants of Russia surmounted a colossal obstacle to the development of their Revolution. They abolished the nominal power of the capitalist class, but even before that they achieved something of equal revolutionary importance and perhaps even more fundamental.