The New Economic Policy
Lenin realized War communism was not causing a recovery.
He brought in the NEP (New Economic Policy)
Some private trade was permitted
Peasants could sell surplus
Small factories could be purchased by a cooperative for private ownership
Some parts of the industry began to recover under the NEP
The New Economic Policy is established after he war to contrast war communism. Lenin allows some capitals economic ideals to get the economy rolling again.
He brought in the NEP (New Economic Policy)
Some private trade was permitted
Peasants could sell surplus
Small factories could be purchased by a cooperative for private ownership
Some parts of the industry began to recover under the NEP
The New Economic Policy is established after he war to contrast war communism. Lenin allows some capitals economic ideals to get the economy rolling again.