Analyse the New Economic Policy

Question

18 Aug 2022

Answer :

Word Count : 349

New Economic Policy (NEP), the economic policy of the government of the Soviet Union from 1921 to 1928, representing a temporary retreat from its previous policy of extreme centralization and doctrinaire socialism.

The policy of War Communism, in effect since 1918, had by 1921 brought the national economy to the point of total breakdown. The Kronshtadt Rebellion of March 1921 convinced the Communist Party and its leader, Vladimir Lenin, of the need to retreat from socialist policies __________ _____ _________ ____ ____ _______ ___ ___ ____ ___ _________.
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