Lenin Announces the New Economic Policy
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Communism, Communists, Labor, Unions, Work, Employment
- Curriculum: 20th & 21st Century European History, Russian/Former Soviet States History
- Geographical Location: Soviet Union, Russia, Europe
- Date: March, 1921
Article abstract: The New Economic Policy changed the implementation of communism, allowing more private entrepreneurship and giving greater incentives to individual farmers and businesspeople.
Summary of Event
In early 1921, the Soviet economy was in a deep crisis. Forced collection of grain and centralized control of the economy helped the Red Army fight its enemy, but such tough measures led to widespread discontent among peasants, workers, and soldiers. Bolshevik leader Vladimir Ilich Lenin was forced to reject what was known as war communism. Lenin...
[The entire page is 2390 words long]
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