The Bolshevik Revolution is usually called the October Revolution or the Communist Revolution.
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The Bolshevik Party was the radical communist group that took over Russia in the October Russian Revolution. In 1918, the Bolshevik Party changed its name to the Communist Party.
The "Bolshevik Revolution" was more particularly known as the "October Revolution" in 1917. It is called this, because there had been two revolutions in Russia in 1917, one in February (called the February Revolution) and one in October (called the October Revolution) in order to distinguish one from the other. The Bolshevik Revolution is the one which overthrew the Provisional Government of Russia and put Lenin and the Bolshevik Party (later renamed Communist Party) in power. The February Revolution is the one which forced Tsar Nicholas II to abdicate the throne.
Bolshevik is the name of the ruling communist party - more radical and with fewer members than the pre-revolution Mensheviks.
The "October Revolution" is another name, but not a 'nickname' of the Bolshevik Revolution. In fact, the October Revolution has come to be the preferred, perhaps even formal, historical name for the event in order to distinguish the Bolshevik Revolution from the one that occurred in February (Russian calendar) which has come to be known as the February Revolution.
The Bolshevik Party led the October Revolution of 1917. There was another revolution in 1917 called the February Revolution, the the October Revolution is commonly referred to as the Russian Revolution, because it resulted in the establishment of the Communist government and the Soviet Union.