criticisms of Wittes policies Flashcards
the interest rates to service foreign debt were ?
very high and a major drain on resources
by 1900, how much of the budget was used to pay off foreign debt?
20%- 10 x as much as was spent on education
witte prioritised heavy industry over light industry. what did this mean?
smaller,sophisticated machine tool and electrical reduced the need for imports + helped modernise manufacturing not developed sufficiently
Witte neglected agriculture which?
suffered from under-investment
witte prioritised industrial development over?
welfare of the population
rapid industrialisation meant?
working + living conditions for workers in towns and cities were appalling
-created social discontent,strikes and general unrest
-Witte did little to alleviate these conditions
he failed to develop a market in consumer products which would have made life more tolerable for ordinary people. High tariffs on foreign industrial commodities made?
many goods very expensive for Russians to buy, especially agricultural machinery