chapter eight Flashcards
russias minimum annual growth rate 1984-1913
8%
who ‘masterminded’ russias economic expansion
the minister 1892-1903 (witte)
examples of russias economic expansion under witte
railway trackage almost doubled
coal output increased by over 700million between 1890 to 1900
foreign investment soured (especially with france, due to witte being french)
why did foriegn investment increase
growing strength and stability of the rouble
impact of growing foreign investment
growing economic growth and capital to develop russias infrastructure; new railways, telegraph lines, mines and forests
where did 25% of russias income come from 1903-1913
industrial investments
trans siberian railway
built between 1891-1902 (with wittes instigation)
railway linked central euopean russia and moscow with the pacific ocean
distance of 7,000 kilometers
brought large economic benefits
industrial changes under witte
the expansion of heavy industry and movement away from the light industry (e.g. textiles) that russia had previously focused on
number of factories increase from 1887 to 1908
+9,000 factories
number of factory workers increase from 1887 to 1908
+1.3million (total = 2.6million)
what were russias main industrial products
pig iron
coal
crude oil
(+light industries)
how much total industrial output by 1910 was still light industry
40%
what happened to the rural economy between industrialisation and around 1906
it was ignored for industry
percentage of population provided for by the rural economy
80-90%
what did the government do to prevent land-hunger
encourage migration to siberia (opened up by the trans siberian railway)