New Economic Policy
- By 1921 Lenin realized War Communism was not causing a recovery
- He brought in the NEP
- Some private trade was permitted
- Peasants could sell surplus
- Small factories could be purchased by a co-operative for private ownership
- People had no incentive
- Some parts of the industry began to recover under the NEP
- People did not care what and how they worked
- Used capitalism to get people to believe in communism
Summary:
Was brought in to boost the economy, but back fired as workers had no incentive to reach the quotas set.
Was brought in to boost the economy, but back fired as workers had no incentive to reach the quotas set.
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