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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What was the New Economic Policy introduced in 1921?
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Splikashon
NEP eased some economic controls to respond to peasant resistance and economic collapse.
The New Economic Policy ended one-party rule and restored political pluralism.
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Splikashon
NEP changed economic policy, while the Tenth Party Congress simultaneously banned party factions.