RUSSIAN REVOLUTION
MAJOR EVENTS IN PRE REVOLUTION RUSSIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capitalism
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Environmentalism
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“War Communism”
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New Economic Policy
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Detailed explanation-1: -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.
Detailed explanation-2: -The New Economic Policy (NEP) Lenin wanted to regain the trust of the peasants and established the New Economic Policy. Farmers were now allowed to sell their additional products on the open market, but land still remained the property of the state. All the products were taxed and the state determined all prices.
Detailed explanation-3: -It permitted small businesses to make personal profits, while the state continued to control banks, foreign trade and large industries. Elements of capitalism such as individual profit and private ownership of land were permitted in order to revitalise the Russian economy.