apr 1, 1921 - New Economic Policy

Description:

- New Economic Policy (NEP) passed

- Central economic control relaxed

- Decisions at local level allowed to progress

- Public markets restored

- Peasants allowed to keep food surplus to sell

- Lenin argues that economic necessity precede political theory, to take into account the circumstances instead of blind ideology

- Production output substantially increased

- Nepmen (those who stood to gain, rich peasants, traders, etc.) benifited most

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