NEP

Part 1 The significance of the NEP in the 1920’s in the Soviet Union was great. It would be looked upon later by peasants as a period of hope. The New Economic Policy was viable to a degree, but obviously not the complete answer for the Soviets economic ailments. In the end, few benefited from the open market of the NEP. From 1914 to 1921 agricultural production fell some 40%. Many peasant uprisings made it clear that change was …

…set in place, but it may have stimulated foreign trade. At the time few foreign investors wanted to risk trading with a Soviet state. Without foreign trade, and without long-term implications of the NEP, the economy in Soviet Russia would never fully recover from the NEP. So it was very significant in it’s implications, but lacked an overall cohesiveness. Could be seen as a viable alternative in Soviet History, but it did not last.