THE ECONOMIC DEVELOPMENTS OF RUSSIA TO 1914 Flashcards
Nicholas 1904-1917
from the mid 1890’s, Russias economy underwent a major…?
transformation.
who was the finance minister from 1892-1903?
Witte.
witte - railway trackage almost …?
doubled.
witte - coal output in southern russia nearly ..?
quadrupled.
witte - a new ….. was introduced, backed by the value of gold to strengthen it?
rouble (currency).
witte - foreign investment …?
soared.
even after witte, the state remained directly involved in ……….. ……. to 1914?
economic growth.
by early 20th century (1900’s) the state controlled …% of Russias railways and held extensive holdings in heavy industries?
70%.
from 1903-13, the govt received more than 25% of its income from its ……. …….?
industrial investments.
give two things the capital from industrial investments was used for?
- fund public works.
- develop Russias infrastructure.
what is capital?
money or resources used to invest in industry or business.
from 1894-1913, Russias annual growth rate was more than ….% per annum?
8%.
the state bought out …………….. and extended lines?
smaller private railway companies.
my shortening of railway building programme?
RBP.
RBP - helped open up the Russian ….?
interior.
RBP - helped link grain growing areas to the ….?
Black Sea ports.
RBP - stimulated the development of the …. and …… industries?
iron and coal.
RBP - caused a decrease in …?
transport costs.
RBP - what raised funds for the government?
freight charges and passenger fares.
by 1913, russia had the ………….. railway network in the world?
second largest.
who wanted to increase heavy goods production instead of textiles?
witte.
how did witte increase heavy goods production?
concentrated production in key areas and developed large factory units of over 1000 workers or so.
when did the pattern of increasing heavy goods production increase till?
1914.
by 1914, russia was the world fourth largest producer of …. ……… ……..?
coal, pig iron and steel.