EVENT INFORMATION

16
March
1921

New Economic Policy replaces requisition with tax in kind

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๐Ÿ“… 16 March 1921 ๐Ÿ“ Russia

The Tenth Party Congress approved the New Economic Policy (NEP), replacing compulsory grain requisition with a tax in kind and permitting limited private trade. It responded to peasant resistance, economic collapse and urban shortages. NEP revived markets without restoring political pluralism or ending state control of major industry and finance.

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People in this event

Vladimir Lenin

Organizations in this Event

Russian Communist Party

Sovnarkom