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On March 15, 1921, the Soviet Union decided to implement the New Economic Policy
104 years ago today, on March 15, 1921 (February 6, 1921 in the lunar calendar), Soviet Russia decided to implement the New Economic Policy. Lenin in 1921 From March 8 to 16, 1921, the Communist Party of Russia (Bolshevik) held its 10th Congress. According to Lenin's proposal, the General Assembly passed a resolution on March 15, deciding to replace the surplus grain collection system with a grain tax and replace the wartime communist policy with a new economic policy. Lenin announced that the Soviet Union would embark on a so-called new economic policy, the main points of which were that food collection would be replaced by taxes and private enterprises would be gradually legalized in order to revitalize the economy and improve food supply. This policy effectively weakens socialization and encourages limited free enterprise. Its purpose was to win over the farmers, who accounted for the vast majority of the Soviet population. Since the end of the war, these farmers have been in miserable straits. Foreign trade is expected to be completely in the hands of the country in order to prevent foreign competition. The industrial base, which houses 85% of the country's workers, will also be mainly controlled by the state. According to Lenin's intentions, agriculture would be largely free of policy restrictions. This means accepting the farmers 'demands. These farmers want to own their own farms. Lenin said the ultimate goal of this new economic policy was to lift the Soviets out of a severe post-war depression. The content of the new economic policy is very extensive and is implemented gradually. In 1922, the Soviet government issued a decree stipulating that farmers had the freedom to choose the form of land use, allowing farmers to rent out land and use wage labor within a certain range. In terms of circulation, the government allows farmers and small handicrafts to bring their products to the market for free trading, restoring domestic free trade. From 1922 to 1924, the country carried out currency reform and stabilized the currency. In industry, the State continues to operate important industrial and mining enterprises, but leases some small and medium-sized enterprises to local and foreign capitalists. In terms of management system, enterprises are required to form trusts according to departments to independently conduct production management and economic accounting. Cooperatives have also gained independent management rights. In terms of distribution, the egalitarian physical distribution system was abolished and distribution according to work was implemented. The implementation of the new economic policy has been welcomed by farmers and supported by workers and other workers. It quickly restored the war-damaged economy of Soviet Russia, increasingly consolidated the worker-peasant alliance, and continuously strengthened the Soviet regime. Caricature figures erected outside the Kremlin during the Party Congress


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