2.7. Explain the following concepts
(1) New Economic Policy: ....
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The New Economic Policy (NEP) (Russian: новая экономическая политика (НЭП) novaya ekonomicheskaya politika) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. ... Other policies included monetary reform (1922–1924) and the attraction of foreign capital.
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