Economy and society 1 Flashcards
Industrialisation (62 cards)
who developed the Russian textiles industry?
Ludwig loop from Manchester
what did the Nobel brothers do?
invested in oil wells in Baku
what did JJ Hughes do?
established the New Russian coal, iron and railmaking company
What was the settlement around Hughes smelting works called. what was its population?
Donetsk, 2 million
what was the increase in the amount of railway opened under Alexander II?
seven-fold
how much railway track was opened in 1862?
2194 miles
By 1878 how many miles of railway track had been opened?
13979
who was Alexander II’s finance minister
Reutern
how much did Russia’s economy grow under Reutern?
6% a year
By 1880, how much of Russian railways were owned by private companies?
94%
Who was Alexander III’s finance minister’s?
Nikolay Bunge (1882-1886)
vyshnegradskii (1887-1892)
when was the unfair salt tax abolished?
1881
when was the unfair poll tax abolished
1886
when was the peasant land bank set up?
1883
what did the peasant land bank do?
it lent money to peasants at a very cheap rate so they could buy land
what did the government begin to do (Alexander III)
buy back the railways
When is Bunge sacked as finance minister?
after the rouble collapsed in the mid-1880’s
when was the medel’ev tariff introduced?
1891
what did the medele’ev tariff allow Russia to do?
make money by exporting grain
what was the medele’ev tariff responsible for?
1891 famine which killed 500000 people
in 1893 (Nicholas II), who dominated the economy?
the peasantry
when was Witte in power as finance minister?
1893-1903
what was Witte the first finance minister to do?
show total commitment to industrialisation, this was known as the great spurt
when was the rouble placed on the gold standard?
1897