Witte 1892-1903 Flashcards
(11 cards)
Who was Russia’s finance minister from 1892 to 1903?
Sergei Witte
What was Witte’s primary goal for Russia’s economy?
Modernization to prevent revolutionary activity.
What economic policies did Witte continue from his predecessors?
Protective tariffs, heavy taxation, and forced exports to generate capital.
How did foreign loans to Russia change under Witte? (Provide figures)
- 1880: 98m roubles
- 1890: 215m roubles
- 1895: 280m roubles
In which industries did Witte invest foreign loans?
Mining, metal trades, oil, and banking.
How did Witte address Russia’s lack of technical expertise?
By encouraging skilled labor from Western nations to advise on planning/development.
What was Russia’s global economic ranking by 1897 under Witte?
4th largest economy.
What remained Russia’s main export under Witte despite industrialization efforts?
Grain (rather than secondary goods).
What was Russia’s global economic ranking by 1897 under Witte?
4th largest economy.
Why did Witte prioritize grain exports despite their limitations?
To generate quick capital for industrialization.
How did Witte’s policies impact Russia’s long-term industrial capacity?
They laid foundations for growth but kept the economy dependent on grain exports.
