Economic Development to 1914 - Witte & Stolypin

Question 1

Comment on growth rates from 1894 - 1913

Answer 1

8%

Question 2

What major economic events happened as a result of WITTEs policies?

Answer 2

Coal output in southern Russia jumped from 183 million puds in 1880 - 671 million Puds in 1900

Foreign investment soared - France supplied 1/3 of all Russian capital

Question 3

What did Witte do in 1897?

Answer 3

Russia entered the gold standard - strengthens the Russian rouble and increases prospects of foreign investment

Question 4

Comment on railway ownership

Answer 4

State ownership was pivotal to Witte - 1900 Russia owned 70% of Russia’s railway

The state continued to buy out private railway companies - by 1905 Russia owned 66% of the railways - this helped the exploitation of new materials and linked grain growing regions to the black seas ports

Question 5

What was Stolypin’s vision?

Answer 5

He wanted peasants to become permanent owners of their land. He wanted each peasants land to be held in one place rather than a disorganised collection of strips

Question 6

What happened to grain production?

Answer 6

Rose from 56 million tones in 1900 to 90 million tonnes in 1914

Question 7

Comment on heavy industry

Answer 7

Caspian Sea port of Baku thrived - oil production trebled

Russia was second in world oil production

Russia ranked 4th in gold mining