Vladimir Ilyich Ulyanov Lenin1921
At the 10th Congress of the Russian Communist Party (Bolsheviks), the economic policy known as the New Economic Policy, often abbreviated to NEP, was approved
Russia · Government / Government of Russia. Chronological records rendered directly from the World History Database.
At the 10th Congress of the Russian Communist Party (Bolsheviks), the economic policy known as the New Economic Policy, often abbreviated to NEP, was approved
Trade is legalized & by the mid 1920s GDP is restored to the levels of 1913. The NEP is introduced after the failure of War Communism. The economy is controlled by the state. Light industry & agriculture reverts to private ownership
Relaxes the NEP at the 10th Party Congress after peasant disturbances
Stalin, after consolidating power, ends the NEP in 1928
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