Asked by Jaapreet Punian on Jun 09, 2024
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How did the "New Economic Policy" of 1921 derivate from socialist orthodoxy?
A) It allowed for a degree of private ownership and market incentives.
B) It called for free trade between Russia and Western Europe.
C) It made military spending a higher priority than other kinds of spending.
D) It instituted the requisitioning of grain from peasant communities.
E) It banned foreign investment in Russia's economy.
New Economic Policy
A policy introduced by Lenin in the Soviet Union in 1921 to revitalize the economy by allowing some private enterprise.
Socialist Orthodoxy
Refers to the strict adherence to the original doctrines of socialism, often associated with Marxist-Leninist principles and practices.
Private Ownership
A system in which private individuals or companies own the means of production and distribution of goods and services, operating them for profit.
- Investigate the financial strategies adopted by the Bolsheviks and how they diverged from traditional socialist principles.
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Learning Objectives
- Investigate the financial strategies adopted by the Bolsheviks and how they diverged from traditional socialist principles.
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