AQA GCSE History · 8145
Paper 1
Revise: Social and Economic DevelopmentsIn 1921, economic crisis and rebellion led Lenin to replace it with the New Economic Policy, or NEP.
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GCSE History · key term
Lenin's economic policy introduced in 1921, allowing private farming, trade and small businesses while retaining state control of major economic sectors.
Used by AQA and Edexcel
Paper 1
Revise: Social and Economic DevelopmentsIn 1921, economic crisis and rebellion led Lenin to replace it with the New Economic Policy, or NEP.
Paper 3
The policy introduced by Lenin in 1921 which permitted private trade and small private businesses while keeping major industries, banks and transport under state control.
Separate economic concessions from political freedom. The NEP allowed some private enterprise, but it did not end Bolshevik dictatorship.
Distinguish economic concessions from political change: allowing private businesses under the NEP did not mean giving up Bolshevik rule.
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With most of the Bolsheviks’ Civil War enemies defeated, Lenin introduced the New Economic Policy, or NEP, in March 1921. The immediate need was to revive production and trade and reduce hostility towards the government, especially among peasants.
The Soviet economic policy introduced in 1921, which allowed limited private enterprise and market trading while the state retained control of major industries.