Chapter 8 - The economic development of Russia to 1914 Flashcards
The economic development of Russia to 1914
What was the annual growth rate from 1894 to 1913?
8%
The value of foreign investment in the years 1895 to 1914
1895 = 280 million roubles
1914 = 2000 million roubles
How did the increase in Russian businessmen help the economy?
- capital used to fund public works
- develop Russia’s infrastructure - railways, telephone lines, electric plants
- develop mines, oilfields and forests for timber
How much railway did the State control by the early 20th century?
70%
In the years 1903-1913, what was the % of income the government recieved from its industrial investments?
25%
What did the building of railway lines contribute to?
- stimulus of development of the iron and coal industries
- permitted the development of new industries
- transport costs fell, which brought down the price of goods while to government made money from freight charges and passenger fares.
By 1913, what was Russia’s railway?
Global scale
2nd largest railway network in the world.
62,200km
Although USA = 411,000km
What did Witte believe focusing on would lead to industrial development?
Developing production in key areas.
Heavy goods production.
How much coal was the Donbas region supplying by 1913?
87% of all Russian coal
By 1914, what was Russia the 4th largest producer of?
- coal
- pig iron
- steel
Russian oil prodction between 1885 - 1913?
153 million puds to 570 million.
Russia became internally self-sufficient and was able to compete with the US on the international market
2nd place in the world for oil production.
4th in the world for gold production.
What was the Putilov Iron Works?
- by 1885, provided nearly 1/4 of all state orders for locomotives, wagons and rails
- the company later specialised in machiney, artillery and products made of high quality steel
- between 1891-94 the workforce grew by 2,000
- by 1903, it was dedicated to armaments production, supporting Russia through WWI
Number of factories and factory workers in the years 1887 to 1908?
1887:
- factories = 30,888
- factory workers = 1.3 million
1908:
- factories = 39,856
- factory workers = 2.6 million
Statistics of industrial production from the years 1890 to 1910
Coal:
- 1890 = 5.9 millions of metric tons
- 1910 = 25.4 millions of metric tons
Pig Iron:
- 1890 = 0.89 millions of metric tons
- 1910 = 3 millions of metric tons
Crude Oil:
- 1890 = 3.9 millions of metric tons
- 1910 = 12.1 millions of metric tons
What % of industrial output did light industry account for?
40%