The new economic policy is that the Soviet Union and Russia began to implement the economic policy of transition to socialism in March 192 1. The implementation of the new economic policy has re-established the normal economic ties between industry and agriculture, consolidated the alliance between the working class and farmers, promoted the development of productive forces, and was welcomed by the broad masses of the people, especially farmers, so that the crisis of 192 1 was quickly overcome.
Practical significance
With the implementation of the new economic policy, the crisis in 192 1 spring quickly disappeared and production resumed steadily.
2. It meets the economic requirements of workers and is welcomed by farmers and workers. In this way, the alliance of workers and peasants was consolidated and the Soviet regime was consolidated day by day.
3. Some of its principles and experiences provide valuable historical experience for the international communist movement, which is a significant development of Marxist theory.