2.8 The economic development of Russia to 1914 Flashcards
What was the annual growth rate from 1894 to 1913?
more than eight per cent
Who initially masterminded the major transformation of Russia’s economy from the mid 1890s?
Sergei Witte, Finance Minister between 1892-1903 (building on policies of Vyshnegradsky in 1880s)
In the eleven years of Witte’s tenure, what happened to railway trackage?
virtually doubled
In the eleven years of Witte’s tenure, what happened to coal output in southern Russia?
From 183 million puds in 1890 to 671 million in 1900
foreign investment - 1895, 1900, 1914
(millions of roubles)
1895 - 280
1900 - 911
1914 - 2000
By the end of Witte’s tenure (1903), where was foreign capital coming from?
France - 1/3 of all foreign capital
Britain - 23%
Germany - 20%
West at least 95% of foreign investment
How did the Witte manage the economy?
deliberately sought to state-manage industrial growth - seeking capital, technical advisers, managers and skilled workers from overseas
By the early 20th century, how much of Russia’s railways did the State control?
70%
By turn of century, how much of all Russia’s metallurgical production was the State buying?
almost 2/3 of all Russia’s metallurgical production
In the years 1903-1913, how much of the governments income came from industrial investments?
more than 25% of its government
What was the period of the late 1890s dubbed?
‘the great spurt’
By 1905, how many kilometres of railway in Russia? What percentage was state-owned?
By 1905, 59,616 kilometres - 66% state-owned
What did the railways allow?
- helped open up the Russian interior
- allowed more extensive exploitation of Russia’s raw materials
- linked grain-growing areas to Black Sea ports - reinforcing the export drive
How was the building of the railways a stimulus itself?
stimulus to the development of the iron and coal industries + permitted the development of new industries along the length of network
By 1913, what was the world ranking of the size of Russia’s railway network? How long?
2nd biggest (to USA)
622,200 km