New Economic Policy (jan 1, 1921 – jan 1, 1927)
Description:
- Grain requisitioning abolished- Peasants paid for the grain the government took from them
- Peasant taxes reduced
- Incentives for peasants in exchange for grain surplus
- Monetary wages reintroduced
- Private trade legalised
Added to timeline:
Date:
jan 1, 1921
jan 1, 1927
~ 6 years