Sergi Witte's Reform. Flashcards

1
Q

Witte’s Reform positive

A

1.coal production double and iron and steel and iron increased sevenfold.

  1. Placed the Russian rouble on the gold standard increasing financial stability.
  2. Income from industry rose from 42 million roubles in 1893 to 161 million roubles by 1897
  3. Technology was introduced in the oil and chemical industries.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Witte’s Reform negative.

A
  1. He focused on the development of heavy industry and neglected other sectors like engeering and textiles.
  2. The relaince on foreign capital was dangerous and could be recalled at anytime.
  3. Although the trans siberan railway expaneded it was costly and not as impressive as Germany who by 1914 Russia has 11 times fewer kilometres.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly