Sergei Witte Flashcards
Who was Sergei Witte?
Russia’s minister of finance (1892-1903), a nobleman, oversaw impressive changes
What was the key to Russia’s “great power”
Witte’s beliefs
What would developing industry do
produce a way to avoid dependency and create strong modern state in Russia
Four Fold Plan
Witte’s plan to deliver an industrialized Russia to fund the programm of Capitol investment
Four fold plan description
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Success of Witte’s industrialization drive
- Foreign investment
- Industrial output
- Trans Siberian Railway
Foreign investment
Rapid increase from 200M roubles in 1890 to 900M in 1900
- Contributed to development of heavy industries
Industrial output
Impressive advancements, esp in heavy industry
- Overall output increase by 400% 1890-1910 w/increase of coal, iron, and steel production accordingly
Trans Siberian Railway
Witte saw this as a way to improve communication and stimulating industrial demands for goods
- Railway coverage increased from 700KM to 6000KM from 1890-1905
- Engineering to connect w/ Vladivostok stretching 600km
Failures of Witte’s industrualiazations
- Railway Coverage
- Foreign Capitol
- Agriculture problems
- Work
Railway coverage
Minimal compared to U.S.
- Trans Siberian v symbolic b/c only 1 track
- Other forms of communication lagged (roads, shipping)
Foreign capitol
Dependency for industrialization means interest payment on the loan had to be regularly 20%
- Political opponents of Witte accused him of being unpatriotic in his courting of foreign capitols
Agriculture problems
Squeezing peasants for grain + taxes resulted in starvation during bad harvest years (1900-02) + peasant uprising
- Meaning Witte did not pay any attention to agriculture problems which effected the whole population
Work
Although a small portion of the population worked industrial jobs (2% in 1900) they still faced low wages, long hours, and poor living conditions
- Protests called for more political power for workers
Overall assessments of industrial policies
- Industrial + railway developments
- Matching political reforms
- Chairman of comitees