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New Economic Policy
noun
(in the Soviet Union) a program in effect from 1921 to 1928, reviving the wage system and private ownership of some factories and businesses, and abandoning grain requisitions.
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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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New Economic Policy
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New Economic Policy
—
n
NEP
an economic programme in the former Soviet Union from 1921 to 1928 that permitted private ownership of industries, etc
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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"While things on the surface seem more quiet than at any time since last summer, I do not like the maintenance of what amounts to almost full mobilization in aggressor countries. Surely they cannot afford it and if they had any definite policy of trying to work out economic salvation (except by arms) they would be showing some signs of cutting military expenditures."
-Franklin D. Roosevelt
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