THE NEP

Lenin creates a new economical policy

WHAT IS IT?

By the time 1921 came around, Russia’s economy had been maimed by the effects of War Communism. Socialism had not begun on a good note, and Vladimir Lenin was becoming concerned with the unfortunate state of the economy. His response to the poor economy he adopted and how he planned to improve it was called the New Economic Policy, or the N.E.P. This was an amazing, brilliant idea to support the russians, and to help such as you! The N.E.P. was masterfully designed to bring capital into the state, which it did, and to help it prosper economically. However, some socialists believe it may have gone too far with its free-market economic style and possibly could have lead the Soviet Union into permanently possessing a capitalist economy, which would have destroyed the socialist priority. The original plan, however, was to have capitalism in place until the economy was strong enough to achieve socialism.

WHY IS THIS THE BEST?

After the Bolshevik Revolution in 1917, Vladimir Lenin and his party found themselves contemplating what would be appropriate for Russia’s economy which, at this time, was suffering from social challenges. Before the Revolution, there were basically only three classes of people: Peasants, Nobles, and Romanovs. Although certain reforms had been made, the peasants were still treated poorly and taken advantage of by the nobles. At the same time, World War One was taking place which not only negatively affected Russia’s economy but also had a great effect on Russian society as well. This leads to a better society for the people!