Industry Flashcards
(48 cards)
When was Reutern finance minister?
1864-78
Under Reutern what were the foreign investments?
British - textiles, shops
German - finance
What developments in engineering were there under Reutern?
Textiles, banking and railways
Under Reutern what percentage of the population were employed in transport/industry and how much GNP did this produce?
- 20% of the population
- 10% of GNP
By 1870 how much had exports increased?
60%
How many businesses were registered on the stock market in 1870s and 1880s?
1870s = 256 1880s = 350
What caused Reutern’s period to not be very successful?
European downturn in 1870s + harvest failures
- Population in industry still small
- Not much capital generated
= industrial growth not consistent/slow
When was Witte finance minister?
1892-1903
What was Witte’s main development?
Railways - Trans-Siberian Railway
How did Witte feel about Tsardom?
Wanted industrialisation to promote and strengthen the traditions of Russia
What type of industry did Witte favour?
Large scale:
- Stimulated steel and coal production
What were the figures for pig iron production in 1890 and 1900?
1890 = 56m puds 1900 = 179m puds
What did Witte’s industrialisation rely on?
Foreign loans
How did the State pay interest on loans under Witte?
- Had to export grain at all times = even in famine
- Increase taxation
- Impose tariffs
What was the average growth rate under Witte?
8%
What did the Russian Association of Trade and Industry call for in 1906?
Greater state planning
What products were produced 1900-1914?
A diverse range:
- Cars, rubber, medical equipment etc
What was the population of St Petersburg in 1900 and 1914?
1900: 1m
1914: 2.25m
Between 1881-1897 what percentage of the population emigrated to the cities?
15%
By 1914 how did Russia compete with other states in industry?
It was the 4th largest producer of coal, pig iron and steel
What was the industrial workforce population by 1914?
3m
By 1914 what percentage of national income came from industry?
40%
What prevented greater industrialisation from 1900-1914?
Poor technical education
What did the 1917 decree issue to workers?
Workers control imposed on factories = appeased workers
- Vesenka took control of the economy
= output continued to decrease