Notes
- By 1921 Lenin realized War Communism was not causing a recovery
- He brought in the NEP
- Some private trade was permitted
- peasants could sell surplus
- Small factories could be purchased potentially by coop for private ownership
- Some industry began to recover
- Essentially reintroduced aspects of capitalism
Video
Summary
Lenin realized that War Communism was not recovering so he brought in an NEP. Private trade was permitted and peasants could sell surplus.
Audio
Pictures
Political Cartoon
Quotes
The failure of national economic policy is costing us more than jobs; it has begun to weaken that uniquely American spirit of risk-taking, large ambition, and optimism about the future. We must rally them now to bold departures that rebuild our national morale as well as our material prosperity. -Mitch Daniels
Subjunctive Question
For several decades, what if Lenin's NEP was allowed to continue?