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jan 1, 1924 - Lenin issues New Economic Policy (NEP)

Description:

Lasted from 1921 to 1928. War communism brought the national economy down. The government saw the NEP temporary expedient to allow the economy to recover. We should care because Russian's had no money and therefore their economy was terrible. This is important because more buisineses were able to sprout growning the economy.

Added to timeline:

Date:

jan 1, 1924
Now
~ 101 years ago

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