NEP New Economic Policy - created from Mind Map

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intended to meet Russia's need for food

Lenin stressed it was TEMPORARY.

"we are prepared to let the peasants have their little bit of capitalism as long as we keep the power."

features of NEP

1. central economic control to be relaxed

2. requisitioning of grain replaced by a tax in kind

3. peasants could keep their food and sell them for profit

5 .public markets restored

4. money reintroduced as a means of trading

Bolshevik objections to the NEP

Trotsky and Preobrazhensky

complaint for the objectors was that the reintroduction of money and private trading was creating a new class of profiteers 'Nepmen'

became such a provlem for the bolsheviks that Lenin took firm steps to prevent the party from being torn apart.

Believed that bashing the peasants is what the Bolsheviks needed to do as it advanced the revolution

Nepmen-those who stood to gain from the free trading permitted under the NEP. The rich peasants, retailersm traders and the small scale manufacturers.

factionalism of any sort not to be tolerated

Lenin delcared that other political parties were outlawed in soviet Russia. Began to suppress opposition to bolshevik rule

factionalism- the forming withing the party of groups with a particular complaint or grievance. Lenin used this to brand disloyal bolsheviks.

Bukharin's role

enthusiastic supporter of NEP.

worked closely alongside Lenin

he believed that the more money peasants had from selling their food would stimulate industry since their income would be spent on buying manufactured goods

simply:

peasants + money = spend + stimulate industry

successes of NEP

the production figures suggested that the policy worked.

lenin was correct by saying that the Bolsheviks would still maintain controll

in broad terms NEP had produced an economic balance.

grain harvest in (million tones) in 1921 was 37.6 and by 1924 it was 51.4

average monthly wage of the urban worker (in roubles) was 10.2 in 1921 and in 1924 went up to 20.8

agriculture and trade were largely in private hands

the state dominated Russian industry

NEP New Economic Policy