Tag: New Economic Plan

The New Economic Policy: Not Very Socialist, but Effective

Due to Vladimir Lenin’s strong association with socialism/communism, early Soviet economic policy can be a bit jarring, especially the New Economic Policy of 1922. The NEP, in fact, was strangely capitalist. The NEP allowed for something of a free market, though it was still tightly controlled by the government. It allowed for investment in industry … Continue reading “The New Economic Policy: Not Very Socialist, but Effective”