nep
Notes
- 1921 Lenin realized War communism was not recovering any of the economy
- Nationalism made everything equal and so he reintroduced aspects of capitalism
- Some private trade was allowed
- Peasants could sell surplus and make a profit
- Smaller factories could be purchased by a co-op for private ownership
- Nep caused things to recover
- 1921 Lenin realized War communism was not recovering any of the economy
- Nationalism made everything equal and so he reintroduced aspects of capitalism
- Some private trade was allowed
- Peasants could sell surplus and make a profit
- Smaller factories could be purchased by a co-op for private ownership
- Nep caused things to recover
Quote:
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world. - Mark Zandi
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world. - Mark Zandi
Political Cartoon
BIG Question
What made the NEP a importance to the Russian economy?
Summary
Lenin made this in an attempt to help the Russian economy after introducing War Communism and its failure. This implemented aspects of capitalism and helped the economy recover.
What made the NEP a importance to the Russian economy?
Summary
Lenin made this in an attempt to help the Russian economy after introducing War Communism and its failure. This implemented aspects of capitalism and helped the economy recover.