THE EXTENT OF AND REASONS FOR ECONOMIC CHANGE Flashcards
(44 cards)
What was a common thread in industrialisation?
The relationship with agriculture and the backward nature of Russian society.
What did AII warrant in the beginning of industrialisation? What did this evolve into?
Warranted a ‘new work discipline’, which evolved into a way of controlling the activities of the bulk of the population.
Who was appointed finance minister in 1862?
Reutern
What approach did Reutern adopt? What were his three main aims?
A sensible approach which aimed to continue railway construction, attract foreign technical expertise and employment of foreign investment capital.
When was the first railway constructed in Russia?
1837
How much railway track had been opened in 1862 in comparison 1878?
1862 = 2,194 1878 = 13,979
What three things did Reutern implement to secure foreign monies?
Government bonds, taxation exemptions and monopoly concessions.
Who was made finance minister in 1882?
Bunge.
What was created in 1883? What was there a move towards?
Peasant Land Bank. Move towards greater state ownership of railways.
How much of the railway system was under public control in 1911?
69%
How many miles of railway track was there in 1956?
74,600
What did AIII blame Bunge for?
A dramatic fall in the value of the rouble in the mid 1880s.
When was Vyshnegradsky made finance minister?
1887
What was significant revenue raised through in 1891?
Medele’ev tariff.
What did Russian economic activity largely revolve around by 1893?
Agricultural production
What did Witte claim due to his radical policies?
“all thinking Russia was against me”.
What three policies did Witte go back to?
Taking out foreign loans, raising taxes and interest rates.
What significant thing happened to the Russian Rouble in 1897?
Placed on the gold standard.
What happened to coal, steel and iron production in the ‘Great Spurt’?
Coal production doubled and iron and steel increased seven-fold.
What was the total amount of railway track opened in 1891 in comparison to 1901?
1891 = 17,264 miles 1901 = 31,125 miles
How much did income earned from industry rise from 1893 to 1897?
1893 = 42 million roubles 1897 = 161 million roubles
What was the average annual rate of increase in industrial production during the ‘Great Spurt’?
7.5%
What had Russia become a part of through state control in the Great Spurt?
A new international capitalist order.
What was the issue with Witte’s policies?
Consumer, engineering and textile industries were neglected.