strong rouble, adoption of gold standard, raised taxation rates and exports of grain

Question 1

what was essential to attract capital from abroad?

Answer 1

a stable currency

Question 2

Russia had built up its gold reserve and when did they adopt the gold standard for the rouble?

Answer 2

1897

Question 3

what added security for foreign investors?

Answer 3

exchange rate for the rouble were fixed against other gold-backed currencies

Question 4

to get revenue for the state what did Witte do?

Answer 4

raised indirect taxes on everyday items such as kerosene,matches and vodka

Question 5

raising indirect taxation hit the peasants hard and they had to?

Answer 5

sell more grain to pay their taxes

Question 6

peasants selling more grain to pay their taxes allowed Witte to?

Answer 6

increase grain exports to sell abroad

Question 7

why were workers’ wages kept low?

Answer 7

so that money went back into industrial development rather than into wages bills

Question 8

what was an essential element in Witte’s strategy

Answer 8

grain

Question 9

grain exports were the main means by which?

Answer 9

Russia could earn more foreign currency to pay the high interest charged on foreign land and foreign imports

Question 10

more grain the?

Answer 10

better