New Economic Policy (NEP) (Edexcel GCSE History): Flashcards
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NEP stands for
NEP stands for
New Economic Policy
Year NEP introduced
Year NEP introduced
1921
Who introduced NEP
Who introduced NEP
Lenin
Why NEP introduced by 1921
Why NEP introduced by 1921
Economic disasters & political opposition from War Communism
NEP: peasants & selling produce
NEP: peasants & selling produce
Could sell & set own prices freely
NEP: grain requisitioning
NEP: grain requisitioning
Ended; peasants paid taxes on sales instead
NEP: currency & wages
NEP: currency & wages
Reintroduced into economy
NEP: industry ownership split
NEP: industry ownership split
State: major industry; Private: small businesses
Grain output: 1921 to 1925 (million tonnes)
Grain output: 1921 to 1925 (million tonnes)
Rose from 37 to 56
Scissors crisis meaning
Scissors crisis meaning
Cheap food vs expensive industrial goods price gap
NEP-men definition
NEP-men definition
Traders profiting from shortages
Peasants' response to NEP
Peasants' response to NEP
Supported; liked freedom to sell
Communist Party view of NEP
Communist Party view of NEP
Many opposed; saw as capitalism returning
Type of economy under NEP
Type of economy under NEP
Mixed socialist & capitalist