Russian New Economic Policy
Politburo
- Committee that functioned as the executive branch and in charge of making decisions for Russia
- Favored establishing socialism in only one country, eventually resulting in the breakup of USSR(multiple republics) into just Russia
- Stalin promoted socialism
- The Politburo ended with the Great Purge
Socialism: social ownership of production and management of the economy(shared economy)
USSR (Soviet Union)
- State consisted of multiple republics
- Existed from 1922 and 1991
- Governed as a single-party state by the Communist Party with Moscow as its capital
Private Enterprise
- The state controlled all aspects of industry, as well as lacked needed Western products
- Socialism promoted public enterprise and autonomous cooperatives
- Lenin made the New Economic Policy(NEP), which restored the market economy and some private enterprise
- Also allowed peasants to sell their own products