Who introduced the New Economic Policy?
Understand the Problem
The question is asking who introduced the New Economic Policy (NEP). This policy is most famously associated with the Soviet Union in the 1920s, so the question is essentially asking who initiated that policy.
Answer
Vladimir Lenin introduced the New Economic Policy in 1921.
Vladimir Lenin introduced the New Economic Policy (NEP) in 1921 in the Soviet Union. This policy was a response to the economic devastation following the Russian Civil War.
Answer for screen readers
Vladimir Lenin introduced the New Economic Policy (NEP) in 1921 in the Soviet Union. This policy was a response to the economic devastation following the Russian Civil War.
More Information
The NEP was designed as a temporary measure to allow some market-like reforms and private ownership to revitalize the Soviet economy after the Russian Civil War.
Tips
A common mistake is to confuse the New Economic Policy with other economic policies implemented in different countries or time periods. Focus on the specific historical context of the Soviet Union in the early 1920s.
Sources
- New Economic Policy (NEP) | Facts & History | Britannica Money - britannica.com
- New Economic Policy - Wikipedia - en.wikipedia.org
- The New Economic Policy - Seventeen Moments in Soviet History - soviethistory.msu.edu
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