Explain the economic policy of Lenin. Please explain it carefully and nicely. Thanks!
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After the civil war, Lenin revised his economic policy and introduced the New Economic Policy (NEP). Through this, peasants were allowed to sell some of their produce for profit and small traders were allowed to run businesses.
The policy of War Communism, in effect since 1918, had by 1921 brought the national economy to the point of total breakdown. The Kronshtadt Rebellion of March 1921 convinced the Communist Party and its leader, Vladimir Lenin, of the need to retreat from socialist policies in order to maintain the party's hold on power.
The policy of War Communism, in effect since 1918, had by 1921 brought the national economy to the point of total breakdown. The Kronshtadt Rebellion of March 1921 convinced the Communist Party and its leader, Vladimir Lenin, of the need to retreat from socialist policies in order to maintain the party's hold on power.
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