Which best characterizes the New Economic Policy?

Question

Quizplus · Accepted Answer

The New Economic Policy (NEP) was introduced by Lenin in 1921 after the Russian civil war. The policy aimed to rebuild the Soviet economy through small family farms, privately owned shops and businesses, and foreign investment. While there was some centralization, the NEP was a temporary retreat from the full socialist economic policies, and there was no significant confiscation of property or collectivization of agriculture during this period. Therefore, option B best characterizes the NEP.

Which Best Characterizes the New Economic Policy