NEP

New Economic Policy

The New Economic Policy (NEP) was a plan created under the rule of Vladimir Lenin in the early 1920's with the goal of preventing the Russian economy from collapse while at the same time transforming Russia into a modern industrialized state. It moved away from true Communist ideals in that it supported some private businesses known as kulaks. This policy greatly increased agricultural production, but under the leadership of Stalin it was replaced with 5 year plans because he did not think it was working fast enough.

Created by Hannah Hollon and Frances Grimball 5/21/09