WORLD HISTORY

Detailed explanation-1: -In its place, the Bolsheviks established a Communist regime. Ending WWI with Germany. The New Economic Policy (NEPJ) was an economic policy of Soviet Russia proposed by Vladimir Lenin, who described it as a progression towards “state capitalism” within the workers’ state of the USSR.

Detailed explanation-2: -The main policy Lenin used was an end to grain requisitions and instead instituted a tax on the peasants, thereby allowing them to keep and trade part of their produce. At first, this tax was paid in kind, but as the currency became more stable in 1924, it was changed to a cash payment.