The New Economic Policy was a monetary strategy of Soviet Russia proposed by Vladimir Lenin in 1921 as a brief catalyst.
Explanation:
The legislature of Vladimir Lenin. Under the initiative of Russian socialist progressive Vladimir Lenin, the Bolshevik Party seized control in the Russian Republic amid an overthrow known as the October Revolution. Joseph Stalin was the General Secretary of the Communist Party of the Soviet Union's Central Committee from 1922 until his demise in 1953. In the years following the passing of Vladimir Lenin in 1924, Stalin rose to end up the pioneer of the Soviet Union.
The New Economic Policy (NEP) was an economic policy proposed by Vladimir Lenin in 1921, and maintained until 1928.
Lenin characterized the policy as an economic system that would include "a free market and capitalism, both subject to state control," while socialized state enterprises would operate on "a profit basis".
The policy included monetary reform and the attraction of foreign capital. It also revoked the complete nationalization of industry and introduced a mixed economy.
