New Economic Policy

High school (ages 12+)
History & Culture

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Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/new-economic-policy

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. How big is New Economic Policy?Large industries, banks, and foreign trade
2. What is the economic policy name?New Economic Policy (NEP)
3. What is the introduced by?Vladimir Lenin in March 1921
4. What was the New Economic Policy (NEP) in the Soviet Union?The NEP was a temporary plan that let some businesses be private while the state still ran big industries. It mixed a free market with state control to help the country recover after war.
5. Why did Lenin change the Soviet money rules in 1921?After war and famine, the old system of War Communism made people hungry and angry. Lenin decided a new plan would bring food and goods back and keep the government strong.

War Communism: A set of economic and political policies adopted by the Bolsheviks during the Russian Civil War, characterized by extreme centralization and state control.
Prodrazvyorstka: The system of forced requisitioning of grain and other foodstuffs from peasants in Soviet Russia during the Civil War.
Prodnalog: A fixed tax in agricultural produce introduced by the NEP, replacing prodrazvyorstka, allowing peasants to sell surplus.
Market Socialism: A type of socialist economic system that incorporates market mechanisms for the allocation of capital goods.