History[[1]] started the New Economic Policy in Russia.

[[1]] started the New Economic Policy in Russia.


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    Vladimir Lenin started the New Economic Policy in Russia. Through this policy, peasants were made liable to pay taxes. In the early years of the policy, taxes were paid in kind and when currency became stable, then taxes were paid in cash. Through this policy, Lenin tried to provide a temporary retreat. He led the Bolsheviks and served as the founding head of the socialist government of Soviet Russia. Under his guidance, private property was abolished. Lands of rich influential people were confiscated. All important places like railway mines, banks, insurance companies and industries were nationalised.
     
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