Chapter 6- Economic and social developments Flashcards
What policies did Mikhail Von Reutern produce between 1862-78
Trade promoted with reduction of import duties in 1863
Foreign investment encouraged
New legislation regulated joint-stock companies
Government support offered to develop cotton industry following American civil war (1865)
What was the annual average growth rate following Von Reutern’s time in office
6%
What began in Baku in 1871
Oil extraction
What did a third of government spending go on in 1870
Repayment of debts
How much of government revenue came from indirect taxation
66%
What was introduced in 1887 to discourage imports
A 30% tariff on the price of raw materials impirted
What happened to grain exports between 1881 and 1891
Increased 18%
What year did the Russian budget reach a surplus
1892
What was the downside in the increased production of grain
Many peasants left with depleted grain reserves due to requisitioning which worsened the famine in 1891
What did Vyshnegradsky say about grain
‘We ourselves shall not eat, but we shall export’
Why was Vyshnegradsky fired in 1892
Famine
How many provinces did the famine effect
17/39
How many people were killed by the famine
350,000
How did foreign investment change from 1880 to 1890
98 million to 215 million
What rank was Russia for industrial economy by 1897
Fourth
How did coal production change under Vyshnegradsky and witte (1880-1890)
Doubled (3-6 million)
How did crude oil production change under Vyshnegradsky and witte (1880-1890)
500,000 to 4 million
How many kilometres of railways were built in 1871-1875
1,650 km
How many kilometres of railways were built in 1881-1890
1,500 km