events

The New Economic Policy is implemented by the Bolshevik Party in response to the economic failure as a result of war communism.

Historical image related to The New Economic Policy is implemented by the Bolshevik Party in response to the economic failure as a result of war communism. from March 21, 1921

New Economic Policy

1921–28 Soviet economic policy theorized by Lenin

The New Economic Policy (NEP) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control", while…
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Bolsheviks

Faction of the Russian Social Democratic Labour Party

The Bolsheviks, led by Vladimir Lenin, were a radical faction of the Marxist Russian Social Democratic Labour Party (RSDLP) which split with the Mensheviks at the Second Party Congress in 1903. The Bolshevik party, formally established in 1912, seized power in Russia in the…
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War communism

1918–1921 economic and political system in Soviet Russia

War communism or military communism was the economic and political system that existed in Soviet Russia during the Russian Civil War from 1918 to 1921. War communism began in June 1918, enforced by the Supreme Economic Council. It ended on 21 March 1921, with the beginning of…
Source: Wikipedia (CC BY-SA)