War Communism
- Summer of 1918 War Communism was instituted
- Industry was nationalized
- Compulsory labour was brought in
- Private trade was suppressed
- Peasants were forced to hand over their entire produce except bare essentials
The New Economic Policy
- By 1921 Lenin realized War Communism was not causing recovery
- He brought in the NEP
- Some private trade was permitted
- Peasants could sell surplus
- Small factories could be purchased by a co-operative for private ownership
- Some parts of the industry began to recover under the NEP