Sergi Witte's Reform. Flashcards
1
Q
Witte’s Reform positive
A
1.coal production double and iron and steel and iron increased sevenfold.
- Placed the Russian rouble on the gold standard increasing financial stability.
- Income from industry rose from 42 million roubles in 1893 to 161 million roubles by 1897
- Technology was introduced in the oil and chemical industries.
2
Q
Witte’s Reform negative.
A
- He focused on the development of heavy industry and neglected other sectors like engeering and textiles.
- The relaince on foreign capital was dangerous and could be recalled at anytime.
- Although the trans siberan railway expaneded it was costly and not as impressive as Germany who by 1914 Russia has 11 times fewer kilometres.