New Economic Policy
What New Economic Policy means in History A-Level, as defined for Pearson Edexcel.
Definitions of New Economic Policy
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Reference: Pearson Edexcel
A policy from 1921 that replaced requisitioning with a tax in kind, permitted small private businesses and some foreign investment, and revived the economy but created political tensions.
A policy from 1921 that reintroduced limited private trade and small-scale private enterprise while the state kept control of heavy industry, banking and transport.
Topics that use New Economic Policy
- Defending the Bolshevik revolution, October 1917–24 (Pearson Edexcel A-Level)
- Industrial and agricultural change, 1917–85 (Pearson Edexcel A-Level)
Related terms
- War Communism
- Agricultural investment and the Virgin Lands Scheme
- ban on factions
- Cheka
- Collectivisation
- Constituent Assembly
- Five Year Plans
- Fourth Five-Year Plan
Using New Economic Policy in the exam
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