Witte Flashcards
Who succeeded Vyshnegradsky as Minister of Finance?
Sergei Witte succeeded Vyshnegradsky.
What was Witte’s main goal as Minister of Finance?
Witte aimed to economically modernize Russia to curb revolutionary activity.
What economic strategies did Witte continue from Vyshnegradsky?
Witte continued with heavy taxes, protective tariffs, and forced exports to generate capital.
How did Witte fund his industrial plans?
Witte sought loans from other countries to finance his economic policies.
Where did foreign investment go under Witte’s economic plans?
Foreign investment went into mining, metal trades, oil, and banking.
How did Witte encourage industrial development in Russia?
He encouraged engineers, managers, and workers from countries like France, Germany, and Belgium to oversee industrial development.
By 1897, where did Russia rank in terms of industrial economy size?
By 1897, Russia was the 4th largest industrial economy in the world.
What impact did Witte’s policies have on Russia’s exports and foreign trade?
Witte’s policies helped increase exports (mainly grain) and foreign trade.
When was Witte minister of finance?
1892-1903
