Question

What was the name (full name, not abbreviation) of Vladimir Lenin's policy for fixing Russia's economy? What type of business did it allow?

Answer 1

Introduced by Vladimir Lenin in 1921, the New Economic Policy (or NEP) was a radical shift in Bolshevik economic strategy. It eased the harsh restrictions of war communism, the Bolshevik economic policy during the Civil War, and allowed the return of markets and petty trade.Jun 18, 2019