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New Economic Policy
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economic policy of Soviet Russia proposed by Vladimir Lenin, who described it as a progression towards "state capitalism" within the workers' state of the USSR
The New Economic Policy was an economic approach introduced by Vladimir Lenin in Soviet Russia that allowed for some capitalist practices while maintaining state control, which he framed as a step toward "state capitalism" within the workers' state. It matters because it represented a significant shift in how the early Soviet Union managed its economy, balancing socialist ideals with practical economic needs.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
- Official name
- Новая экономическая политика
- Country
- Soviet Union
- Followed by
- Great Break
- Follows
- war communism
- Creator
- Vladimir Lenin
- Image
- Chervonetz 1922.jpg
Show 4 more facts
- start time
- 1921-03-21
- end time
- 1928-00-00
- Commons category
- New Economic Policy, Soviet Union
- theorized by
- Vladimir Lenin
via Wikidata · CC0
~25 min read
Encyclopedic overview
Supreme state organ of power
Governance
Excerpted from Wikipedia’s “New Economic Policy” article, available under the CC BY-SA 4.0 licence.