Was Russia’s economy strong or weak by 1914 Flashcards
(19 cards)
How much did state revenue grow from 1908-1914?
Doubled from 2bn to 4bn roubles
What happened to Russia’s banking sector 1908-1914?
Banks increased from 1,146 to 2,393
How did industrial workforce numbers change 1908-1914?
Grew from 2.5m to 2.9m workers
Which key production sectors showed growth?
Grain, pig iron, and coal production all increased
How significant was Russia’s population growth 1897-1913?
Increased by 40 million
What was St. Petersburg’s population growth?
Increased by 600,000
How significant was Russia’s population growth 1897-1913?
Increased by 40 million
What was Moscow’s population growth?
Increased by 400,000
What was Russia’s trade balance position?
Maintained constant trade surplus
What stagnation occurred in industrial capacity?
Number of factories remained unchanged
How did oil production change 1900-1913?
Declined from 10.2m to 9.4m tonnes
What characterized industrial production 1900-1913?
Fluctuated unpredictably
What regional imbalance existed?
Growth concentrated in European Russia
How did Russia’s growth compare to other industrial powers?
50% growth (1894-1913) - slowest among major economies
How did foreign trade volume compare to Britain?
£190m vs Britain’s £1.23bn
What contradictory trends existed in Russia’s economy?
Strong macroeconomic growth vs industrial stagnation
What demographic factor masked economic weaknesses?
Rapid population growth created illusion of progress
Why might Russia’s trade surplus be misleading?
Based on raw material exports rather than manufactured goods
What key modernization indicator lagged behind?
Factory numbers showed lack of industrial diversification
