Lenin’s New Economic Policy
At a glance:
- Series: Chronology of European History
- Categories: Government and Politics, Economics
- Curriculum: 20th & 21st Century European History, Russian/Former Soviet States History
- Geographical Location: Soviet Union, Russia, Europe
- Date: 1921-1928
Article abstract: Lenin’s New Economic Policy allows the leadership of the Soviet Union to experiment with a relaxation of the party’s control over the economy while maintaining a monopoly on political power.
Summary of Event
When the Bolsheviks seized power in Russia in 1917, they were faced not only with the problem of ending the fighting against the Central Powers, but also with the difficulty of producing reforms within Russia consistent with the theories of Marxism. They were committed to abolishing the private ownership of property,...
[The entire page is 1180 words long]
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