8: economic developments to 1914 Flashcards
how did russia undergo a major transformation from the mid 1893-1913
annual growth rate if more than 8% per annum
who was the impressive expansion initially masterminded by
witte
witte
finance minister 1892-1903
how did railway trackage increase under witte
doubled
how did coal output increase in southern Russia under witte
from 183 million puds in 1890 to 671 million in 1900
how did witte sought to state manage industrial growth
seeking capital, technical advisers, managers and skilled workers from overseas
when did witte introduce a new rouble
January 1897
why did witte introduce a new rouble
- backed by value of gold
- strengthen currency and encourage foreign confidence and investment
why did foreign investment decline in early twentieth century
Russian businessmen accumulated sufficient wealth to expand enterprises
what did witte use capital to fund
public works, develop russias infrastructure
how much of railways were state controlled by early twentieth century
70%
how much of russias metallurgical production was the state buying by the turn of the century
2/3
what did Gerschenkron dub the late 1890s as
‘the great spurt’
what did the state buy out in terms of railways
smaller railway companies and extended lines
how many km of railways did Russia have by 1905
59,616km- 66% state owned
what did the railways help open up
Russian interior and allowed dmore extensive exploitation of Russias raw materials
how did growth of railways reinforce export drive
linked grain growing areas to the black sea ports
what was the building of the railway lines a stimulus to
the development of the iron and coal industries
permitted the development of new industries
what did fall in transport cost bring down the price of
goods
what did the government make money from with railways
freight charges and passenger fares
when did the rate of railway building slow
1908-13
what did Russia have by 19013 (railways)
second largest railway network in world- 62000km
what was the most acclaimed development in railways
transiberian railway
what did the building of the trans Siberian railway provide a stimulus to
industry and even greater psychological boost
how much of Russian coal in 1913 was the donbas region supplying
87%