New Economic Policy

E6466

The New Economic Policy was a 1920s Soviet economic strategy that temporarily reintroduced limited market mechanisms and private trade to revive the post–civil war economy before the shift to full central planning.

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Observed surface forms (3)


Statements (51)

Predicate Object
instanceOf Soviet economic policy
economic policy
historical event
aimedTo increase agricultural production
reduce peasant unrest
revive the Soviet economy after the Russian Civil War
stabilize urban food supply
allowed leasing of small enterprises to private operators
limited foreign concessions
private trade in agricultural products
alsoKnownAs New Economic Policy
surface form: NEP

New Economic Policy
surface form: Novaya ekonomicheskaya politika
appliesToJurisdiction Russian SFSR
surface form: Russian Soviet Federative Socialist Republic
approvedBy Tenth Congress of the Russian Communist Party (Bolsheviks)
country Soviet Union
economicSystemType mixed economy
state capitalism
endedBy Joseph Stalin
endTime 1928
followedBy Five-Year Plans for the National Economy of the Soviet Union
surface form: First Five-Year Plan

policy of collectivization in the Soviet Union
follows War Communism
hasEffect emergence of NEPmen as private traders
partial revival of private commerce
rapid recovery of agricultural output in the early 1920s
hasPart legalization of small-scale private trade
limited private ownership of small enterprises
state control of banking
state control of foreign trade
state control of heavy industry
tax in kind
historicalPeriod 1920s
implementedBy Russian Social Democratic Labour Party (Bolsheviks)
surface form: Bolshevik Party

Soviet government
inception March 1921
influencedBy Kronstadt rebellion
Russian Civil War
peasant uprisings such as the Tambov Rebellion
introducedBy Vladimir Lenin
location Soviet Union
partOf economic history of the Soviet Union
history of the Russian Revolution
policyArea agricultural policy
industrial policy
macroeconomic policy
trade policy
replaced grain requisitioning with a tax in kind
restricted private ownership in banking
private ownership in foreign trade
private ownership in heavy industry
startTime 1921

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

New Economic Policy alsoKnownAs New Economic Policy
this entity surface form: NEP
New Economic Policy alsoKnownAs New Economic Policy
this entity surface form: Novaya ekonomicheskaya politika
Left Opposition criticized New Economic Policy
Kronstadt rebellion followedBy New Economic Policy
Tambov Rebellion followedBy New Economic Policy
War Communism followedBy New Economic Policy
Vladimir Lenin implemented New Economic Policy
Stalin era precededBy New Economic Policy
this entity surface form: New Economic Policy era
War Communism replacedBy New Economic Policy