The New economic policy
- By 1921 Lenin realized War Communism was not causing a recovery
- He brought 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 the indusrty began to recover under the NEP
Interesting Fact
The NEP policies proved inadequate for the expansionist aims of Stalin.
Quote
"There are no morals in politics; there is only expedience. A scoundrel may be of use to us just because he is a scoundrel."
-Vladimir Lenin
-Vladimir Lenin
Subjunctive Question
How would the standard of living in Russia have been if Stalin had kept with the New Economic policy?
Summary
Lenin created the New Economic Policy in 1921 when he realized that War Communism was not going to cause enough of a recovery for Russia. The terms that changed under the NEP were that; some private trade was permitted, peasants could sell surplus and small factories could be purchased by a co-operative for private ownership. Some parts of the indusrty began to finally recover under the NEP.