Russia economy

Question 1

When was Sergei Witte finance Minister

Answer 1

1892-1903

Question 2

What had the production of Iron and Steel rose to from 9 Million poods

Answer 2

9- 76 Million poods

Question 3

What was the growth rate in the 1890s

Answer 3

9%

Question 4

How much did coal output increase by due to Witte

Answer 4

Tripled

Question 5

by 1900 how much of the budget was used to pay off foreign debt

Answer 5

20%

Question 6

What were the failures of Witte

Answer 6

Neglected agriculture
Working/living conditions poor

Question 7

When was the gold standard adopted and what was it?

Answer 7

1897
Exchange rates for the rouble were fixed against other gold backed currency- added security for foreign investors

Question 8

What did Witte raise indirect taxes on

Answer 8

Vodka, Kerosene and matches

Question 9

What put a stop to Wittes expansion in 1899

Answer 9

International recession, 23 out of 35 blast furnaces in Donbass region were not working

Question 10

What caused the 1891 famine

Answer 10

Ivan Vyshnegradsky exporting grain

Question 11

What did Vyshnegradsky say about grain exporting

Answer 11

We ourselves shall not eat, but we shall export

Question 12

What did Vyshnegradsky say about grain exporting

Answer 12

‘We ourselves shall not eat, but we shall export’

Question 13

At the beginning of the 1860s what did industry take the form of

Answer 13

State run factories, manufacturing essential goods for the army

Domestic craft based industry

Question 14

What was the increase in foreign companies invested in Russia from 1888 to 1900

Answer 14

Increased by 253

Question 15

Who was finance minister from 1862-1878

Answer 15

Michael Von Reutern

Question 16

What reforms did von Reutern achieve

Answer 16

Reformed the treasury new arrangements for collecting taxes

Tax farming(groups buying the rights to collect taxes) abolished

New legislation regulated joint stock companies to encourage “safe” investment

Question 17

What was the growth rate during von reuterns time as finance minister

Answer 17

6%

Question 18

What new developments were there under Von Reutern

Answer 18

Oil extraction began in the Caspian sea port of Baku in 1871
Donetsk 1871

Question 19

How was the economy like as a whole under Von Reutern

Answer 19

Russia’s economy comparatively weak

Question 20

What did a third of government expenditure go to during Von reuterns reign

Answer 20

Repayment of depts

Question 21

When was the peasant land bank created

Answer 21

1883

Question 22

When was the peasant land bank created

Answer 22

1883

Question 23

What did the peasant land bank lead to

Answer 23

led to peasants
ownership of land increasing by 26
million hectares between 1877 and
1905.