Vladimir Lenin, dictator of the Russian Soviet Federative Socialist Republic, issues the “Food Tax Decree,” implementing the New Economic Policy, after Russia had nearly collapsed under his radical policy of “War Communism” that attempted to remove any signs of the free-market.  Under the NEP,

  • Small businesses and shops were allowed to operate for private profit;
  • Farmers, after meeting their production quotas, were allowed to privately sell their surplus;
  • Land could be privately owned.

       Postscript: The economy of Russia (later the Union of Soviet Socialist Republics) prospered, until dictator Joseph Dzhugashvili (a.k.a. Stalin) opted for “Total Collectivization.”

       [restored 6/20/2022]

Subsequent Events:

7/11/1921                   6/5/1933                   11/16/1933                    8/24/1935                   2/25/1956

8/15/1971

References:

New Economic Policy – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/New_Economic_Policy

Current U.s. National Debt:

$36,167,124,467,492

Source