5.3 Lenin's New Economic Policy (NEP)

Question 1

Why did Lenin need a new economic policy? (in relation to the people)

Answer 1

War communism displeases the people (could lead to revolt), industrial production has fell, Bolsheviks loosing support, war communism is outdated/unnecessary, Kronstadt mutiny shows they need new policy

Question 2

what did the NEP do?

Answer 2

Brought back capitalist qualities into Russia in order to re-start the economy

Question 3

What were the principles of the NEP (FOCUS ON ECONOMY)?

Answer 3

Private trading of small goods
Rouble - new coinage introduced
Ownership of small factories
Fixed 10% of grain to gov
Industry run by experts - US + Canadian experts brought in to run factories
Trade was encouraged with other countries

Question 4

What were kulaks?

Answer 4

people who hoarded grain in war communism

Question 5

How did war communism and the NEP compare?

Answer 5

freedom, more capitalist, pleases people