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Basically government control and management of all industry and much of agriculture as well- Collective farms, ( there were two different types, Kolkhoz ( Collective Farms) and SovKhoz- Soviet or state farms owned directly by the Ministry of Agriculture- no US equivalent. the central govt dictated economic policy- to the Steel industry- produce X number million tons for Basic Industry!- without regard to what in this country would be market economy, private business competition, etc. Big Brother was at the controls!

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Verlie Corwin

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2y ago
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7y ago

Lenin's New Economic Policy was a temporary retreat from full socialism to partial capitalism for the purpose of rebuilding Russia's economy. The NEP permitted small businesses to make personal profits and permitted almost all of the peasant farmers to keep and sell their produce as they wished. Elements of capitalism such as individual profit and private ownership of land were permitted in order to revitalize the Russian economy.

After the Bolshevik revolution and the Russian civil War, the nationalized industry faltered, producing less than it had even under Tsarist rule. In addition, the agrarian side of the economy, the peasant farmers, were angry at being forced to turn over large portions of their crops to the state whether they wanted to or not. They began hoarding some of it. There was real dissatisfaction with the oppressive Bolshevik demands among the peasant population. There was also real dissatisfaction among people in the urban areas because of shortages of goods due to the failing industrial side of the economy. These were the same problems that fomented the 1917 revolution in the first place and Lenin sought to forestall that by introducing his NEP. As he said, it was taking two steps forward and one back.

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14y ago

No, the NEP was designed to be a temporary reintroduction of petty capitalism into the socialist economy. It was to last only until the economy had gotten back to where it was no longer in danger of collapse.

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9y ago

Lenin implemented many things including a combination between Marxism and Leninism. Yes, he called his new economic program the New Economic Policy.

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13y ago

Lenin is the person who formulated and imposed the New Economic Policy on Russia.

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14y ago

No, Stalin ended the NEP in favor of what he called the Five Year Plans.

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Q: Did Lenin call his new economic program the New Economic Policy?
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Related questions

What did Lenin call his economic program?

The New Economic Policy


What is the name of the program Lenin instituted to help the Soviet economy?

Its name was the New Economic Policy.


Who was the leader who oversaw the New Economic Policy in the Soviet Union?

Lenin instituted the New Economic Policy.


The economic policy of the new nations was the theory of?

Lenin


What was the name given to lenins economic policy to restore order to russia?

Lenin's plan was called the "New Economic Policy."


Modified capitalist system Lenin used to avoid economic disaster?

New economic policy.


What was the name of Lenin's plan to rebuild the Russian economy?

Lenin's plan was called the New Economic Policy. It reintroduced some aspects of capitalism into the socialist system Lenin had imposed on the country.


Who was the communist leader who created the New Economic Policy?

Lenin


Who was the creator of the New Economic Policy?

Lenin created the NEP in response to the Kronstadt Rising that occurred in March 1921, as these Kronstadt sailors were amongst his greatest supporters, and showed him that he obviously needed to change his policy from War Communism to the New Economic Policy.


How much food is available for farmers in Lenin's New Economic Policy?

Alot


Who reversed Lenin's New Economic Policy and started Five-Year Plans?

Joseph Stalin reversed Lenin's New Economic Policy and instituted the Five Year Plans.Joseph Stalin began the Five-Year Plans.


What economic policy did Stalin take from Lenin?

Stalin scrapped Lenin's New Economic Policy (NEP) in favor of his own Five Year Plans. Stalin and other hardline Marxist/Communists felt that Lenin's NEP was a retreat from the move from capitalism to socialism and were angered over it. The NEP was kept in place by Stalin and his co-rulers after Lenin's death until 1929 when Stalin had eliminated his opposition and became the sole power in the Soviet Union. That is when he replaced the NEP with his own program for economic recovery.