Nicholas 11 economic Flashcards
(8 cards)
coal/ steel ndustry under witte
Coal 6x and steel 7 x
Railway
1900: By this date, about 14,000 km transsiberian
1881-1903 - 51km to 71km
Heavy industry
Steel production reached 2 million tons, a 300% increase
coal from 25 to 35 million tons, a 40% increase
Gold Standard:
1897 rouble set to gold standard
1 ruble =0.7 grams gold
Russian ruble became a more reliable and convertible currency,
France loans 2000 million rubles
Income witte
42 million roubles in 1893 to 161 million roubles in 1897
GDP
7.5% a year
Iron production
1900 Russia beat France into forth place in international iron production
Impact russo japansnse on industry
1910, the Suchansk coal enterprise had become the largest in the Far East, with production increasing by over 1,000% since 1903.
1.3 billion francs debt