New economic policy (S/F)

What increased rapidly? (S)

Industrial output, reflected in the greater amount of food and consumer goods found in shops and markets

How much did factor output increase by? (S)

Doubled between 1920-23

What was it linked to? (S)

Emergence of a new breed of entrepreneur, the Nepman

What happened by 1923? (S)

The Nepmen were responsible for over 60% of retail trade

What pre-WW1 levels were reached again? (S)

Production levels reached by 1926

Where was there rapid recovery? (S)

Countryside

What foreign trade agreements were there? (S)

Germany 1922 and Britain 1924

What angered people? (F)

Corruption of nepmen and their methods angered people, bribery and crime common

What do progress was not even? (F)

Drop in food prices and increase in the rice of industrial goods,

What was this food and industrial goods crisis called? (F)

Scissors crisis

Why was it called the Scissors Crisis? (F)

Graphs depicted falling agricultural and rising industrial prices looked like a pair of scissors