The New Economic Policy

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When did Lenin introduce the NEP?
at the 10th Party Congress in 1921
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Why did Lenin introduce the NEP?
primarily to meet Russia's urgent need for food, war communism was extremely unpopular & Russia's economy was in ruins
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Why did the NEP divide party opinion?
because it strayed from pure communism
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How long did Lenin state the NEP was to last?
it was a temporary measure to save Russian economy (it in fact lasted until 1928)
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What was the reaction to the NEP outside the soviet?
many believed this to be the end to the socialist experiment, they wanted to encourage this so began making trade agreements
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What were the key features of the NEP?
small businesses were reopened and allowed to make profit, the ban on private trade was removed so money economy was back, grain requisitioning was abolished and state had control over heavy industry
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Who were the 'nepmen'?
private traders who benefited from the NEP, by 1923 they handled 3/4 of retail trade, they displayed their wealth conspicuously
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What type of society did the NEP create?
a 'get-rich-quick' society where corruption was rife and rewards were high
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What were the short-term effects of the NEP?
2 years after it was introduced 25,000 private traders were based in Moscow, much food flooded into the city, the peasants were rapidly recovering from the famine of 1921
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What was the scissors crisis?
food prices began to drop while industry prices rose creating a problematic imbalance because peasants became reluctant to supply food in hope that prices would rise
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What were the pros of the NEP?
the workers were better off under the NEP with a shorter working day and other social benefits, grain production increased and the fear of famine receded
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What were the cons of the NEP?
the grain procurement crisis, unemployment persisted, by 1926 excess capacity in the factories had been used up, in the best years grain export was 1/4 of what it was in 1913, a mounting crime problem in the cities
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Who were the NEP's biggest supporters?
Bukharin & the right wing of the party
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How did the NEP help with the consolidation of the Bolshevik state?
war communism was unsustainable, grain requisitioning destroyed the relationship between the government and the peasants, led to a stable economy, before the Bolsheviks were rapidly losing support
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Card 2

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Why did Lenin introduce the NEP?

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primarily to meet Russia's urgent need for food, war communism was extremely unpopular & Russia's economy was in ruins

Card 3

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Why did the NEP divide party opinion?

Back

Preview of the front of card 3

Card 4

Front

How long did Lenin state the NEP was to last?

Back

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Card 5

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What was the reaction to the NEP outside the soviet?

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