NEP (New Economic Policy)

Question 1

What did many Bolshviek members see NEP as?

Answer 1

A retreat back into capatalism.

Question 2

How much had grain production risen from 1920 to 1924?

Answer 2

By 1924 grain production had increased to 51.4 million tonnes, compared to 46.1 million tonnes in 1920

Question 3

How much had industiral production increased from 1920 to 1926?

Answer 3

Industrial production greatly increased. By 1926 Russia was producing 11,083 million roubles worth of industrial products, compared to 1,410 in 1920.

Question 4

How many NEPMEN/private traders were present in 1925 within Moscow?

Answer 4

Private traders were active in getting the economy moving again. By 1925 there were 25,000 private traders in Moscow alone.

Question 5

What remianed in the control of the State?

Answer 5

Large factories and major industries such as the banks, coal and steel remained in the control of the government.

Question 6

What happened to the curency?

Answer 6

Money was reintroduced and re-valued.