Impact Of First World War (Economic)

Question 1

What was the economic conditions of Russia by 1914?

Answer 1

Stable

Question 2

What type of currency did Russia have by 1914?

Answer 2

Stable and strong

Question 3

What type of gold reserves did Russia have?

Answer 3

Largest gold reserves

Question 4

Who had the largest gold reserves in Europe?

Answer 4

Russia

Question 5

Where did Russia rank in terms of gold reserves?

Answer 5

Largest in all of Europe

Question 6

By how much did spending increase by?

Answer 6

4 million to 30 million roubles

Question 7

What happened to the national budget between 1913-16?

Answer 7

Rose eight fold

Question 8

Between what period did the national budget rise eight-fold?

Answer 8

1913-16

Question 9

What happened between 1913-16?

Answer 9

National budget rose eight-fold?

Question 10

Why did the national budget increase eight-fold between 1913-16?

Answer 10

Loans from Britain, France and higher taxes

Question 11

What sectors were affected by conscriptions?

Answer 11

Rural and industrial

Question 12

What happened to the rural and industrial sectors?

Answer 12

Affected by conscription so productivity slumped

Question 13

What happened to parts of Western Russia?

Answer 13

Overrun by Germans

Question 14

What parts of Russia were overrun by Germans?

Answer 14

Western Russia

Question 15

What was the impact of parts of Western Russia being overrun by Germans?

Answer 15

Limited productive capacity

Question 16

What was the spending on war in 1914?

Answer 16

1,500 million Roubles

Question 17

What was the spending on war in 1918?

Answer 17

14,500 million Roubles

Question 18

From what year did the spending on war increase from 1,500 million Roubles to 14,500 million Roubles?

Answer 18

1914-1918

Question 19

When was the spending on war equal to 14,500 million Roubles?

Answer 19

1918

Question 20

When was the spending on war equal to 1,500 million Roubles?

Answer 20

1914

Question 21

What did Russia abandon?

Answer 21

The gold standard

Question 22

What happened to the gold standard?

Answer 22

Abandoned

Question 23

What was the impact of abandoning the gold standard?

Answer 23

Quantative easing

Question 24

What was worthless by 1916?

Answer 24

Rouble

Question 25

When did the rouble become worthless?

Answer 25

1916

Question 26

Why did the government use quantitive easing?

Answer 26

Print notes and circulate it

Question 27

What happened between August 1914 to Christmas 1916?

Answer 27

Food prices rose over 200%

Question 28

Between what period did food prices rise over 200%?

Answer 28

August 1914 to Christmas 1916

Question 29

What was the rate of inflation for food by 1917?

Answer 29

400%

Question 30

When was the rise in price for food increase by 400%?

Answer 30

1917

Question 31

What was the government spending between 1914-17?

Answer 31

22 billion dollars

Question 32

Between what years were the government spending 22 billion dollars?

Answer 32

1914-17

Question 33

What was the impact of inflation and economic hardship?

Answer 33

Those on fixed incomes had suffered greatly United those who suffered the most hardship to challenge the ruling elite and demand a far more representative government