New Economic Policy (Edexcel A-Level History): Flashcards

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New Economic Policy
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Year NEP introduced

1921

Lenin's description of NEP

Economic retreat to prevent political defeat

What replaced grain requisitioning under NEP

Tax in kind - fixed amount of grain as tax

Type of economy created by NEP

Mixed economy - capitalist and socialist elements combined

Size of factories denationalised under NEP

Fewer than 20 workers

Commanding heights in NEP

Large industries kept under state control

Scissors crisis definition

Gap between low farm prices & high industrial prices (1923)

Who were Nepmen

Traders exploiting market opportunities for profit

When grain production nearly reached 1913 levels

1925-26

When industrial growth plateaued under NEP

1926-1928

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