Chapter 2.1 - The extent of and reasons for Economic change Flashcards
Chapter 2.1 - the extent and reasons for economic change
chapter 2.1
Industrialisation: Alexander II
How did Alexander II think that peasant unrest could be prevented?
By moving rural workers into industry
What was A2 committed to?
State involvement in industry
What did A2 appoint as minister of finance in 1862?
Mikhail Reutern
How did Reutern believe Russia could industrialise?
By attracting foreign investment capital
What did Manchester businessman Ludwig Loop help develop?
The Russian textile industry
What were the Nobel brothers responsible for?
The growth of the modern oil industry around Baku in the Caucuses
What was the name of JJ Hughes’ business in Russia?
The New Russian Coal, Iron and Railmaking Company
What % of steel production in Russia was JJ Hughes’ company responsible for by 1900?
50%
How many miles of railway were built in 1862 and 1878?
1862 - 2194 miles built
1878 - 13979 miles built
How much did industrial output increase during Reutern’s term in office?
It doubled
What was the average annual growth rate under Reutern?
6%
What % of railways were in private hands by 1880?
94%
What did not affect Russia in the 1870s?`
The economic depression in Europe
Industrialisation: Alexander III
Who were the two finance ministers under Alexander III?
- Nikolay Bunge (1882-86)
- Ivan Vyshnegradskii (1887-1892)
What unfair taxes were abolished in 1881 and 1886 respectively?
- Salt tax abolished in 1881
- Poll tax abolished in 1886
When was the Peasant Land Bank set up to lend money to peasants to buy land cheaply?
1883
How much of the railways had been bought back by 1911?
69%
Why was Nikolay Bunge sacked in 1886?
The rouble collapsed
Who was appointed finance minister in 1887?
Ivan Vyshnegradskii
What was introduced in 1891 which raised lots of revenue?
The Medele’ev tariff
What did this tariff do?
Export grain out of Russia
How many people died in the 1891 famine caused by this tariff?
500,000
Industrialisation: Nicholas II
What happened to the rouble in 1897?
It was placed on the gold standard