Chapter 8 Flashcards
The economic development of Russia to 1914
What was Russia’s annual growth rate from 1894 to 1913?
8%
In what ways was Witte’s term as Minister of Finance remarkable?
Railway trackage doubled, coal output jumped from 183 million in 1890 to 671 million in 1900 and foreign investment soared.
Who were the largest investors in Russian goods?
France (1/3), Britain (23%) and Germany (20%)
How did Witte actively seek to state-manage the new industrial growth?
He sought capital, technical advisers, managers and skilled workers from overseas
What was the capital from the period of Witte’s term used to fund?
Public works such as railways, telegraph lines and electrical plants as well as mines, oilfields and forests
What percentage of Russia’s income from 1903 to 1913 came from industrial investments?
25%
By 1905, how many kilometres of railways did Russia have, and how much of it was state-owned?
59,616 and 66% of it was state-owned
What did the extension of the railways allow for?
It helped to open up the Russian interior and allowed for more extensive exploitation of Russia’s raw materials, as well as reinforcing the export drive
What was the length of Russia’s railway lines by 1913 and what was the longest railway line in the world?
62,200 km in comparison to the USA’s 411,000 km
What was the Trans-Siberian Railway?
A railway line of 7000 kilometres that linked central European Russia and Moscow with the railway line which opened up emigration to Siberia
What was the purpose of the Donbas region in the Russian economy?
It was 23,300 square kilometres and supplied 87% of all Russian coal by 1913
What other good did the Donbas region contribute to?
Pig iron, of which it produced 74% alongside the ironfields of Krivoi Rog
How did oil change from 1885 to 1913?
Russian oil production trebled from 153 million puds to almost 570 million which led to Russia becoming internally self-sufficient
What was St Petersburg’s most notable economic gains?
The most notable gain was in the engineering sector with the expansion of the Putilov Iron Works
What was the overall output of the textiles industry in 1910?
40% of the Russian economy, which fulfilled the internal demand for light industries