Alex iii economy Flashcards
(5 cards)
1
Q
What railway to did Alex III construct?
A
Trans-siberian railway, spanning 6000 miles, estimated 20% Russia’s debt at the time was spent on the railway
2
Q
Which was finance minster was appointed under Alexander III
A
Sergei Witte - Helped with foreign investment which would stiumalate industrilisation
3
Q
Who created peasant land banks?
A
Nikolai Bunge - Helped peasants buy their own land - offering loans at low interest rates. 1883
4
Q
What happened to agriculture as a result of landless peasants under alex III?
A
Many moved out of rural areas to seek work in cities.
5
Q
What large event heavily impacted agriculture?
A
Russian famine 1891-92 - over 350,000 died from famine, had to sought financial assistance from the Great Britain.
