0
Joseph Stalin ended Lenin's New Economic Policy in 1929 because he instituted his own economic plan called the Five Year Plan. The three Five Year Plans were designed to increase Russia's industrial capacity turning the country from an agrarian economy to an industrial one. Stalin felt this was necessary in order to enable the Soviet Union to compete with the West economically. In addition, Stalin and other high ranking members of the Communist Party never agreed with Lenin's reintroduction of capitalism in certain areas of the economy. The Five Year Plans eliminated this retreat from communism to capitalism while at the same time strengthening Soviet industry.
Still curious? Ask our experts.
Chat with our AI personalities
Blake
Taiga
MaxineAdd your answer:
Earn +20 pts
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.
What was the intent of lenins new economic policy (NEP)?
The New Economic Policy (NEP) was intended to reverse some of the economic ravages caused by the previous policy of War Communism had inflicted on the country.
What did Lenin call his economic program?
The New Economic Policy
Does the policy of New Economic Policy help in the improvement of trade and commerce of India-?
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.
WHAT DO YOU MEAN BY 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.
