History

Question

Which best describes Lenin's New Economic Policy, established in 1921?

• It permanently changed the economic strategy of the Soviet Union.

• It temporarily allowed some private ownership of land in the Soviet Union.

© It had the full backing of all the revolutionary elements in the Soviet Union.

• It had little to no impact on the economy of the Soviet Union.

Answer

It temporarily allowed some private ownership of land in the Soviet Union.

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The New Economic Policy (NEP) was a temporary economic strategy established by Vladimir Lenin in 1921. It allowed for some private ownership of land and...