Russian Economy 1881-1914 Witte and Stolypin Flashcards
1892
Witte appointed as Finance Minister
Rapid Industrialisation
Witte’s plan to ‘catch up with the West’. It aimed to increase industrial production, secure loans to finance industrial growth, improve transport and ensure that the workforce was controlled sufficiently well to avoid a revolution.
32 million tons
The increase in coal production between 1880 and 1913
9.5 million tons
The increase in oil production between 1880 and 1900
1.4 million
The population increase in St Petersburg between 1881 and 1914. This was down to industrialisation and led to overcrowding and poor living conditions
France
Gave vast loans to Russia to invest in industrial growth. One of them was in 1893
1881-5
632 kilometres of railway track were constructed a year
Trans Siberian Railway
Witte’s massive project to link east and west together. It kick started the coal, iron, steel and timber industries
1901-05
1,570 kilometres of railway were constructed a year (on average)
800 million roubles
The amount of investment from abroad that was going into Russian industry by 1900
1885
The Peasant’s Land Bank Was set up. It aimed to give peasants a way of buying land but they could not afford the redemption payments
1882
The Nobles Land Bank created. Offered incentives to nobles to improve their farm land. Instead, the nobility took the loans and gambled or drank them away. Agriculture did not improve
Strip Field Farming
The traditional, inefficient way of farming in Russia. Small strips stopped the use of moder techniques and prevented modernisers making the most of the decent farm land.
1891
Famine
1893
A scheme to encourage peasants to settle on the Siberian Steppe begins with the construction of the Trans Siberian Railway