Topic 5: New Economic Policy Flashcards

1
Q

Martin McCauley

A

If War Communism was a leap into socialism then the NEP was a leap out of socialism

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2
Q

Christopher Hill

A

a Brest Litovsk on the economic front

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3
Q

Date

A

8-16 March 1921

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4
Q

On Party Unity

A

Banned factions within the party

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5
Q

Adcock

A

a comfortable balance between state-run big business and privately-owned small enterprise

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6
Q

Lenin on the situation

A

What is needed now is an economic breathing spell

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7
Q

Basically what was introduced

A

End to grain requisitioning
Private trade allowed, but government retained control over key industries
Currency returned

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