War Communism
-In the Summer of 1918, War Communism was instituted
-Industry was nationalized
-Compulsory labour was brought in
-Private trade was suppressed
-Peasants were forced to hand over their entire produce except bare essentials
-By 1921 Lenin realized War Communism was not causing a recovery
-He brought in the NEP (New economic Policy)
-Some private trade was permitted
-Peasants could sell surplus
-Small factories could be purchased by a co-operative for private ownership
-Some parts of the industry began to recover under the NEP
-Industry was nationalized
-Compulsory labour was brought in
-Private trade was suppressed
-Peasants were forced to hand over their entire produce except bare essentials
-By 1921 Lenin realized War Communism was not causing a recovery
-He brought in the NEP (New economic Policy)
-Some private trade was permitted
-Peasants could sell surplus
-Small factories could be purchased by a co-operative for private ownership
-Some parts of the industry began to recover under the NEP