the collapse of autocracy: Economic devolvement to 1914: industrial and agricultural growth and change Flashcards
how much did the Russian economy grow by between 1992 and 1914
the Russian economy grew at a rate of 8% poor Annum
why was interest rates increase?
why was the rouble backed by the value of gold?
interest rates was increased to encourage foreign loans
it was backed by gold in 1987 to increase business confidence
how long was russias railway track by 1914
62,000 kilometres making it the second longest in the world.
the impact of railway development
it stimulated heavy industries on reduced transport costs for manufactures and provided government revenue
industrialsation effects
costs were high as a result Russia deepened on foreign investment
by 1914, russia became the 5th largest industrial power.
what was stolypin reforms
- The mir system on collective ownership of land by families was abolished in November 1906
- as promised in 1905 redemption payments were abolished in January 1907 and peasants became free to leave their villages
- Government subsidies to encourage settlement in Siberia were increased.
Successes of the agricultural reforms
- peasant ownership of land increased from 20% in 1905 to nearly 50% in 1915
- grain production rose annually and by 1909 Russia was the world’s leading cereal exporter
- around 3.5 million peasants moved from overpopulated areas to Siberia creating a major agricultural region therefore dairy and cereal
failures of the agricultural reforms
- by 1914 only 10% of land had been transferred from communal to private ownership
- in 1914 90% of peasants Holdings were still based on scattered strips and farming methods remain backwards
- Siberia proved difficult terrain for those who relocated there