Lenin's "New Economic Policy" (NEP) was first executed in March 1921. It reverted to state capitalism; the state was to continue owning all major industry and financial concerns, while the people were allowed to have private property, trade freely within limits, and, most of all, farm land for themselves. Fixed taxes on the peasantry was used instead of grain requisitioning (the plus side was that anything that peasants grew beyond tax requirements was theirs to keep/do whatever they wanted!). The figure most associated with the NEP was Nikolai Bukharin, a young Bolshevik who believed that the best way to industrialize the Soviet Union was to tax private peasant economic activity. Peasants were thus encouraged to "enrich themselves" so their taxes could support industrialization.
This was a fairly easy policy to execute. Simple collection of taxes and leniency on private trade/property was introduced throughout the country. Peasants were allowed to do as they pleased, and they responded by actually decreasing the discrepancies in wealth between the rich and the poor (they divided redivided noble lands among themselves), sticking to traditional social structures, and by producing large quantities of grain.
For a short time it gave the people in Russia stuff to eat so they didn't starve, but only until he died and Stalin came to power and ended it.
The New Economic Policy
The policy of New Economic policy does help in the improvement of trade and commerce of India but the tariffs seem to be slowing the influx of new products.
The New Economic Policy of India is an opening of India's commerce to the outside world and an allowing of incoming trade items.
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.
JUly 1991
what are the causes for the evolment of new economic policy of india 1991
Lenin instituted the New Economic Policy.
The New Economic Policy
The policy of New Economic policy does help in the improvement of trade and commerce of India but the tariffs seem to be slowing the influx of new products.
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New Economic Policy
New Economic Policy
The New Economic Policy of India is an opening of India's commerce to the outside world and an allowing of incoming trade items.
The policy of New Economic Policy in India does help to improve trade and commerce but the large tariffs for incoming goods are slowing improvement.
Virgil Madgearu has written: 'Rumania's new economic policy' -- subject(s): Economic policy, Industrial policy
Lenin's plan was called 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.