ABSTRACT
BY the year 1926 the U.S.S.R. was well on the way to recovery from the disastrous depths into which the civil war had plunged her. Large-scale industry, the output of which had fallen to less than one-fifth, 1 was in that year restored to its pre-war level. The pre-war agricultural acreage was restored in that year too, 2 though, owing to a decline of productivity, the pre-war output was not to be regained until 1930. The “New Economic Policy” had served its purpose; production was restored, and the country was ready for new progress.
