1. Lenin
Some of the larger industries were formed into trusts, which could manage their own affairs, buy ram materials in the open market and decide on their own market policy. ... To increase supply of capital for the industry Lenin created a state bank, which issued bank notes and gave investors credit. ... As seen in the above Lenin's NEP changed economic conditions in Russia. The NEP was economically a success and Lenin's realistic attitude saved the economy. ... Lenin's opponents criticized the NEP, as it was not a pure form of communism but it continued until Stalin introduced ec...
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- Approx Pages: 3