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Earn +20 ptsQ: When did Lenin's NEP or New Economic Policy end?
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Continue Learning about General History
What does NEP stand for?
New Economic Policy
What was the name given to lenins economic policy to restore order to russia?
Lenin's plan was called the "New Economic Policy."
What is NEP?
NEP is New Economic Policy. This was Vladimir Lenin's plan to introduce some aspects of capitalism back into the socialist economy in order to improve the economy.
What programs did Lenin establish once he came into power?
He established the NEP aka New Economic Policy to encourage production- workers where allowed to keep or sell what they grew.
What was the overall impact of the New Economic Policy(NEP)?
It helped Russia's weak economy to recover
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