Russia's Economic Reforms
- Created by: Misshannahangel
- Created on: 11-09-18 19:56
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- Economic Reforms
- Mineral
- Before, there was 20 manufacturers involved with this type of industry. Run by foreigners. Used to melt Church bells down for Iron
- Existing foundaries were expanded. During Peters reign, 52 new ones opened. they were large and well equipped
- 1719 Ukaz = gave anyone the right to exploit mineral deposits, even on land of another if the owner failed to exploit their minerals
- By Peters death, there was 16,000 cannon held in reserve
- Iron Production = 1716 Russia was the net exporter of Iron
- 1700 = Russia produced 150,000 poods of pig iron
- By Peters Death = 800,000 poods
- LONG TERM SUCCESS
- By Peters Death = 800,000 poods
- 1700 = Russia produced 150,000 poods of pig iron
- Before, there was 20 manufacturers involved with this type of industry. Run by foreigners. Used to melt Church bells down for Iron
- Other Industries
- Textile and Leather industries were expanded to meet the needs for uniforms, sails and saddles
- Ensuring that Peter has an equipped and good quality army
- Peters silk factory, supported with subsides
- failed due to mismanagemnet and quarrels between managers
- New industries = high tariffs on foreign imports. Were granted monopolies, tax exemptions and subsides to help them succeed
- By 1724, tariff between 50-75% of good value
- EFFECTS SOCIETY = POVERTY
- USED FOR MILITARY PURPOSE. GNW
- Monopolies etc granted to encourage investment
- By 1724, tariff between 50-75% of good value
- by the end of reign, 233 factories and workshops set up. Several shutdown after Peters death, particularly those reliant on military
- Textile and Leather industries were expanded to meet the needs for uniforms, sails and saddles
- Workforce
- State money into the industries with no system of accountancy.
- closest associates gathered huge fortunes, were corrupt and damaged his projects.
- efficiency of industry and quality of goods = poor due to lack of skilled workforce
- Reliant on foreign experts to train Russians
- Serfs to Work- Poor quality, not trained
- the only ones available to work, the ones that wouldn't be reluctant
- State money into the industries with no system of accountancy.
- Investment
- The state provided much of the initial capital (the investment) to set up these industries and granting priviledges
- Industries still often failed as they had to produce for the state at state prices. This allowed limited opportunities for profit and involved harsh punishments for failure to succeed
- Nobles unwilling to invest or trade due to these harsh punishments
- Voevody were reluctant to take risks and so not invest. They were reluctant to be recognised for being successful
- If their business was successful, then it could be just nationalised which doesn't benefit their wealth
- Reliant upon the state = state funding could be withdrawn at any time
- Industries still often failed as they had to produce for the state at state prices. This allowed limited opportunities for profit and involved harsh punishments for failure to succeed
- The state provided much of the initial capital (the investment) to set up these industries and granting priviledges
- Transport
- Russia's poor roads meant that trade was slow and expensive for transporting goods
- Peters plan to construct new canal system, planning to connect Volga and Don Rivers in order to connect Caspian and Azov seas
- Plan abandoned after Peter lost Azov due to cost.
- 1709- New Canal System Built. soon 2000 tons of freight travelling along rout annually
- Peter planned for a 65 mile canal to be built pass Lake Ladoga
- Wasn't completed until 1732 due to mismanagement and corruption of Menshikov
- Was completed in the end, even though Peter was pushed back
- Took a long time
- Wasn't completed until 1732 due to mismanagement and corruption of Menshikov
- Peters plan to construct new canal system, planning to connect Volga and Don Rivers in order to connect Caspian and Azov seas
- Russia's poor roads meant that trade was slow and expensive for transporting goods
- Trade
- Peter Sent expeditions to Central Asia
- Added Kamchatka and Kurile islands to his territory = greater size
- Peter failed to develop its own merchant marine due to a lack of private investment and inabiity to complete due to the established trading powers with Britain and Holland
- Foreign trade increased four folds during Peters reign. Russia exporting than importing
- Mineral
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