Extent and reason for economic change N2 Flashcards

1
Q

What caused Russia to be set back further than the west (N2)

A

WW1

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2
Q

What was forgotten about because of WW1 (N2)

A

Agriculture which lead to famines

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3
Q

What forced a tax increase (N2)

A

Struggling top meet military demands

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4
Q

What was the Industrial spurt (N2)

A

Industry income went from 42 billion Roubles in 1893 to 161 billion Roubles in 1897

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5
Q

Why did they switch to the gold standard (N2)

A

So to encourage investment

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6
Q

How did Heavy industry change (N2)

A

Focus on it
Coal x2 Iron and steel x7 and there was new tech

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7
Q

Railway growth (N2)

A

17264 miles to 31125 by 1901

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8
Q

How much did industry grow on average (N2)

A

7.5% a year

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9
Q

What did economic policy’s lay foundations for(N2)

A

Stalin

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10
Q

Coal production was what percentage of Britain in 1913 (N2)

A

10%

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11
Q

What % did inflation reach (N2)

A

400%

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12
Q

What did industry struggle to meet (N2)

A

demands for WW!

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13
Q

What effects did Wittes reforms have

A

Short term positive effect

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