The new ECONOMIC policy
Notes: - by 1921 Lenin realized war Communism was not causing a recovery
- he brought in the NEP
- some private trade was permitted
- Peasants could sell surplus
small factories could be purchased by a co-operative for private ownership
- some parts of industry began to
- he brought in the NEP
- some private trade was permitted
- Peasants could sell surplus
small factories could be purchased by a co-operative for private ownership
- some parts of industry began to
Summary: The New Economic Policy was a policy brought in by Vladimir Lenin, as a response to War Communism not recovering. After the NEP, some private trade was permitted, peasants could sell surplus, small factories could be purchased by a co-operative for private ownership. After this was introduced, some parts of the industry began to recover.
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