New Economic Policy  From Wikipedia, the free encyclopedia Jump
to: navigation, search  For the Malaysian policy enacted in
1971, see Malaysian New Economic Policy.  Coat of arms of the
Soviet Union.svg This article is part of a series on the
politics and government of the Soviet Union  The New Economic
Policy (NEP) (Russian: Новая экономическая политика, НЭП, Novaya
Ekonomicheskaya Politika) was an economic policy of Soviet
Russia proposed by Vladimir Lenin, who called it "state
capitalism".  The NEP represented a more capitalism-oriented
economic policy, deemed necessary after the Russian Civil War of
1917 to 1922, to foster the economy of the country, which was
almost ruined. The complete nationalization of industry,
established during the period of War Communism, was partially
revoked and a system of mixed economy was introduced, which
allowed private individuals to own small enterprises,[1] while
the state continued to control banks, foreign trade, and large
industries.[2] In addition, the NEP abolished