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History and Political Science: Russian Revolution - Concept for Russian Revolution

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Write about Lenin’s New Economic Policy.

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Solution

Lenin introduced a new Economic Policy which consisted of both privatisation and nationalism to some extent.

  • Industry and property were allowed only to a limited extent.
  • The policy caused a big increase in agriculture and industrial production.
  • A greater area of land was brought under cultivation.
  • Although private industries were allowed to form, they could buy and sell their products in the open market only to a small extent.
  • Transport and external trade were kept under the total control of the government.
Concept: Concept for Russian Revolution
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