the economy Flashcards
what was the veshenka?
a body established to centralise economic planning
when was the veshenka established?
december 1917
what was the first entirety nationalised industry and when?
sugar was the first entirely nationalised industry in May 1918
by what month were all factories and buisnesses nationalised?
november 1918
what socialist economic ideas was war communism centred around?
it was strongly centred around key socialist economic ideas of nationalisation and central planning
why did lenin establish war communism?
he acted pragmatically to ensure the red army was supplied with munitions and food to prove communism worked
how did the economy get better under Von Reutern?
•railway trackage doubled
•foreign investment was encouraged
•the use of foreign technical expertise and capital supported industrial expansion
•new legislation encouraged ‘safe invested’
what remained the largest industry under von reutern?
cotton
what was von reutern’s economy limited by?
large debt
the rouble was vulnerable to large variations in value
what percentage of revenue came from indirect taxes?
66%
an example of a loan vyshnegradsky secured?
one from france in 1888
why did industrialisation properly start to occur under witte?
because there was growth in the size of the urban worker population
by what date was russia the fourth largest industrial economy?
1897
limitations of witte’s economy
•most exports were grain rather than industrial goods
•a depression after 1899
•heavy industry was prioritised
what percentage of russian investment was put into the 5 year plans?
85% of all investment
when was Khrushchev’s 7 year plan?
1959-65
what did khrushchev’s 7 year plan aim to achieve?
it promoted the rapid expansion of the chemical industry to provide more fertilisers for agriculture
