New Economic Policy (NEP)

New Economic Policy (NEP)
Economic policy of the Soviet Union (1921–28).

A temporary retreat from the failed War Communism policy of extreme centralization and doctrinaire socialism, the new measures included the return of most agriculture, retail trade, and light industry to private ownership (though the state retained control of heavy industry, banking, transport, and foreign trade) and the reintroduction of money into the economy. The policy allowed the economy to recover from years of war. In 1928 chronic grain shortages prompted Joseph Stalin to begin to eliminate private ownership of farmland and to collectivize agriculture under state control, effectively ending the NEP. By 1931 state control was reimposed over all industry and commerce.

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Universalium. 2010.

См. также в других словарях:

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  • Nep. — or Nep «nehp», noun. the New Economic Policy of the government of the former Soviet Union, in effect from 1921 to 1928, modifying some of the more extreme communistic policies put into effect by Lenin in 1921 and allowing some businesses to be… …   Useful english dictionary


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