The New Economic Policy
Notes:
-by 1921 Lenin realized War communism was not causing a recovery
-he brought in the NEP
-some private trade was permitted- people became more motivated and work harder
-Peasants could sell surplus
-small factories could be purchased by a co-operative for private ownership
-some parts of the industry began to recover under the NEP
-Capitalism- operates in a free market- government less involved opposite in the communist system
-he brought in the NEP
-some private trade was permitted- people became more motivated and work harder
-Peasants could sell surplus
-small factories could be purchased by a co-operative for private ownership
-some parts of the industry began to recover under the NEP
-Capitalism- operates in a free market- government less involved opposite in the communist system
Video Link
Summary
Lenin realized that war communism was not helping the country recover so he introduced small amounts of capitalism.
Picture
Audio Link
Political Cartoon
Quote
"The progressive historical role of capitalism may be summed up in two brief propositions: increase in the productive forces of social labour, and the socialisation of that labour. But both these facts manifest themselves in extremely diverse processes in different branches of the national economy." -Lenin
Subjunctive Question
Would there of been another revolution if Lenin hand't allowed some capitalism fro a few years?