10 - Industrial And Agricultural Growth And Change Flashcards
What did Witte believe that was essential for a revolution? What continued between 1892 and 1914?
Industrialisation
The drive for growth
Between 1892 and 1914, what rate did the Russian economy grow?
8% per annum
What was raised to encourage foreign loans?
Interest rates
What was introduced in 1897 to increase business confidence? What was this backed by?
New rouble (currency) Gold
How was industrial development funded? What type of industry was prioritised?
Foreign capital
Heavy industry
How many KM of railway track did Russia have by 1914?
62,000
What was the purpose of the Trans-Siberian railway?
To link Russia with the Far East
What stimulated heavy industries? Who was given reduced transport costs and government revenue?
Railway development
Manufacturers
Due to the cost of railways, what did Russia become dependent on?
Foreign investment
What was Russia the 5th largest power of in the world?
Industrial power
How much did Coal increase from 1880-1910?
3.2-25.4 million metric tons
How much did Pig Iron increase from 1880-1910?
0.42-3 million metric tons
How much did Crude Oil increase from 1880-1910?
0.5-12.1 million metric tons
What remained small-scale in the 1890s?
Agriculture
Who was Stolypin in 1906? What did he believe in to prevent peasant unrest?
Minister of the Interior
Agricultural reform