mar 21, 1921 - In response to the Kronstadt Rebellion, in March 1921, the Bolsheviks institute the NEP (New Economic Policy). This is the most capitalistic the Soviet union will get. The policy was always described as temporary, to save the economy from its imminent collapse. It established a mixed economy and allowed small scale private business. Small and medium sized enterprises meant the creation of so called NEPmen. The NEP also abolished the forced grain-requisition that had become so hated. The ability of farmers
Added to timeline:
Date:
mar 21, 1921
Now
~ 104 years ago