The Economic Developement Of Russia To 1914

Question 1

What was the economic developments under witte

Answer 1

• railway track almost doubled
• coal output in southern Russia nearly quadrupled
• a new rouble was introduced,back by the value of gold
• foreign investment soared
• industrial growth was strongly state managed

Question 2

How much of the state was involved in the industry

Answer 2

70% of Russias railways and held extensive holdings in heavy industry

From 1903-13 the government received more than 25% of its income from its industrial investments

Question 3

What was the capital used to spend on?

Answer 3

• find public works
• develop Russias infrastructure
• develop mines, oil fields and forests for timber
• re-equip the army after the Russo-Japanese war

Question 4

How much was Russias annual growth rate

Answer 4

8% per annum

Question 5

What did the railway-building programme open up ?

Answer 5

Helped open up the Russian interior allowing more extensive exploitation of Russias raw materials and linked grain growing areas to the Black Sea ports

Stimulated the development of the iron and coal industries

Permitted the development of new industries

Caused a fall in transport costs

Question 6

What did Witte focus on ?

Answer 6

Concentrated production in key areas and developed large factory units

Question 7

Name some polices produced that had good results

Answer 7

• by 1914 russia was the worlds fourth largest producer of coal, pig iron and steel
• Russian oil production trebled from 1885-1913 Russia became not only internally self-sufficient but also compete with the USA
• Russia became the worlds second biggest oil producer