¥Revival of
private ownership & market economy
¥BUT small
& medium industries and transport facilities remained nationalized
¥Reason:
create incentive for peasants to produce
¥NEP –>
spectacularly rapid increases in output, I.e., restoring production
¥Improve smyshka between
peasants & proletariat
¥By 1926
significant class wealth division in countryside - kulaks
¥Scissors
crisis worsens
¥