The New Economic Policy
- Created by: KiaP1999
- Created on: 06-02-17 12:30
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- Successes
- Political
- "one step back, two steps forward"
- Successfully avoided more revolt and remained firmly in power of Russia
- Rise of Bukharin
- Social
- Kept peasants and small traders happy, meaning 80% of Russian population was happy to have the Bolsheviks remain in power
- It produced more food – in 1921 there had been a famine; by 1923 there was enough food going into the towns.
- Grain requisitioning was abolished
- Militairy
- Helped to recover from the Civil War
- Economic
- Grain – 1921 37.6 million tonnes in 1924 51.4 million tonnes
- Factory output – 1921 2004 million roubles in 1924 4660 million roubles
- Average monthly wage – 1921 10.2 roubles in 1924 20.8 roubles
- A new state bank was created at the end of 1921 and a new currency was created in July 1922 (chervonets)
- Political
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