Chapter 2.1 - The extent of and reasons for Economic change Flashcards
Chapter 2.1 - the extent and reasons for economic change
chapter 2.1
Industrialisation: Alexander II
How did Alexander II think that peasant unrest could be prevented?
By moving rural workers into industry
What was A2 committed to?
State involvement in industry
What did A2 appoint as minister of finance in 1862?
Mikhail Reutern
How did Reutern believe Russia could industrialise?
By attracting foreign investment capital
What did Manchester businessman Ludwig Loop help develop?
The Russian textile industry
What were the Nobel brothers responsible for?
The growth of the modern oil industry around Baku in the Caucuses
What was the name of JJ Hughes’ business in Russia?
The New Russian Coal, Iron and Railmaking Company
What % of steel production in Russia was JJ Hughes’ company responsible for by 1900?
50%
How many miles of railway were built in 1862 and 1878?
1862 - 2194 miles built
1878 - 13979 miles built
How much did industrial output increase during Reutern’s term in office?
It doubled
What was the average annual growth rate under Reutern?
6%
What % of railways were in private hands by 1880?
94%
What did not affect Russia in the 1870s?`
The economic depression in Europe
Industrialisation: Alexander III
Who were the two finance ministers under Alexander III?
- Nikolay Bunge (1882-86)
- Ivan Vyshnegradskii (1887-1892)
What unfair taxes were abolished in 1881 and 1886 respectively?
- Salt tax abolished in 1881
- Poll tax abolished in 1886
When was the Peasant Land Bank set up to lend money to peasants to buy land cheaply?
1883
How much of the railways had been bought back by 1911?
69%
Why was Nikolay Bunge sacked in 1886?
The rouble collapsed
Who was appointed finance minister in 1887?
Ivan Vyshnegradskii
What was introduced in 1891 which raised lots of revenue?
The Medele’ev tariff
What did this tariff do?
Export grain out of Russia
How many people died in the 1891 famine caused by this tariff?
500,000
Industrialisation: Nicholas II
What happened to the rouble in 1897?
It was placed on the gold standard
What did Witte insist that most investment go towards?
Heavy industry
What was the effect of increased industrial action called?
The ‘Great Spurt’
How much did coal production increase?
Production doubled
How much did steel production increase?
Increased 7 fold
How many miles of railway track were opened in 1891 and 1901?
1891 - 17,264 miles opened
1901 - 31,135 miles opened
What was the average growth in capital from abroad per year from 1893 to 1898?
120%
How much did income from industry increase from 1893 to 1897?
1893 - 42 million roubles
1897 - 161 million roubles
How much did Russian GDP grow on average per year?
7.5%
When was Witte sacked as Minister for Finance?
1903
Why did Nicholas II sack Witte?
He opposed Nicholas II’s aggressive foreign policy
What happened which led to Witte being appointed Prime Minister in 1905?
The disastrous Russo-Japanese war
How much did GNP grow every year from 1909 to 1913?
3.5%
What was Russia’s GDP as a % of Britain’s in 1911?
20%
What happened to the Russian economy in WW1?
The economy collapsed
How much did the government spend in 1913?
1.5 billion roubles
How much did the war cost in 1916?
3 billion roubles
How much did prices rise from 1914 to 1917?
400%
Industralisation: Lenin
When was state capitalism introduced?
November 1917
What were the 2 decrees issued by the Bolsheviks in 1917 and 1918?
- November 1917 Decree on Land
- November 1918 Decree on Worker’s Control
When did the government say the economy could be handed from the state to the workers?
When it was ‘safe’
What did the November 1917 Decree on Land do?
It divided private landholdings that were handed over to the peasants
What did the November 1918 Decree on Workers’ Control do?
It gave Workers’ Committees extra power to run factories
What was formed in December 1917?
The Supreme Economic Council (SEC)