Witte Flashcards
1
Q
What was Witte’s role?
A
Finance minister
2
Q
Name some of the things he did
A
Encouraged foreign exports. Taking out foreign loans and raising taxes and interest rates. Placing the Russian rouble on the Gold Standard.
3
Q
What was the impact of Witte’s ‘Great Spurt’?
A
Income from industry rose from 42 million roubles in 1893 to 161 million roubles by 1897. The Trans-Siberian railway was in construction, it increased the demand on coal and iron
4
Q
What were the limitations to Witte’s ‘Great Spurt’?
A
Russia was still largely agricultural. The Trans-Siberian railway was still incomplete by 1916
