The Russian Civil War had lay ruin to the Russian economy and despite the Bolsheviks’ success in the revolution, many citizens were becoming disgruntled about the economic situation that was taking over society. In order to ease tensions among citizens, Lenin and the Tenth Congress introduced the New Economic Policy.
There were many aspects and problems that the new policy aimed to address. Measures undertaken in the civil war had come to upset many people and the policy tried to ease these tensions. Also as Freeze mentions, other aspects of the policy were meant to, “…regularize supply and production through a limited reintroduction of the market; to invigorate the grass-roots economy and generate investment capital for industrialization…” (p. 308). The New Economic policy was also meant to lay the framework for the slow transition to socialism Russia would undertake. A major aspect or “linchpin” of the policy was the introduction of a low tax that allowed peasants to sell extra food on the open market.
The NEP helped to reinvigorate and get the Russian economy back on track. However, the introduction of a small-scale market economy raised fears about the re-introduction of a capitalist class and the “loss of revolutionary dynamism”. The NEP was abandoned in 1929 after Stalin had taken power.
“Russia: A History” Gregory L. Freeze