1 Industry 1855-1894 Flashcards
Mnemonic
Every - emancipation
Damn - Donbas region
Chicken - coal
Is - iron and steel
Ready - railways
For - foreign loans and expertise
Gulags - gold standard rouble 1897
____ were reduced to encourage foreign trade
Tariffs/import duties
The government gave _______ to encourage foreign investment
Guarantees on returns
In ____, ironworks were set up in ____
1872
The Donbas region
In the ____s, the ______ supplied __% of Russia’s coal
1860s
The Donbas region
87%
Reutern was the minister of finance from…
1862 to 1878
There was an annual growth rate of __% during Reuterns term of office
6%
Oil extraction began in the ____ in ____
Caspian Sea Port of Baku
1871
However, __ of all government revenue went towards ___ during Reutern’s term of office
1/3
Debt repayment
During Reutern’s term of office, the Rouble…
Was very unstable
The taxation system and Empancipation edict…
Kept the peasantry poor and the domestic market small
____ were raised again in the ___s to increase government revenue
Import duties
1880s
Under Vyshnegradsky, a _____ of __% was introduced on ____
Prohibitive import tariff
30%
Raw materials
Vyshnegradsky was Minister of Finance from
1887 to 1892
Vyshnegradsky negotiated _____ in _____
Valuable French loans
1888
Vyshnegradsky focused on…
Increasing agricultural exports
Foreign loans increased from…
98 to 215 million roubles from 1880 to 1890
(1895 280 million, 1900 900 million)
Russia became the world’s…
4th largest industrial economy in 1897
By the ____s, ____ of Russian railways was owned by the state
Mid 1890s
60%
Increase in railways statistic
From 1855 to 1890, railways increased from 650km to almost 20,000km
When was the Russian budget in surplus?
1873
Joint-stock companies statistic
By the early 1870s, the number of joint-stock companies increased fivefold
Rouble gold standard
1897
Witte’s impact on railway production and coal output
During Witte’s term of office, railway production virtually doubled and
Coal output in Southern Russia trebled
Steel production increase
9 to 76 million poods