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
Added to timeline:
IB History Revision
Date:
