Which of these BEST describes Lenin's "New Economic Policy"?

Question

Jayson Palmer

History

4 November, 18:45

Which of these BEST describes Lenin's "New Economic Policy"?

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Answers (1)

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Ruthie · Answer 1

C) It introduced some mild capitalist reforms to the new country while keeping other socialist programs.

Explanation:

The "New Economic Policy" was implemented by Vladimir Lenin in 1921. It was meant to serve as a temporary economic system that subjected capitalism and free market to the control of the state.

Lenin imposed the policy in order to increase the production in the country because people will be more motivated. It introduced some mild capitalist reforms. This allowed the country to refrain from focusing on extreme capitalization.

For Lenin, social realization will only be preconditioned once capitalism will become fully matured.

So, this explains the answer.