Problems with Russia's Economy in 1881

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  • Created by: fizz
  • Created on: 07-03-13 15:01
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  • Economic Problems, Russia 1881
    • Industrial Development
      • lack of funding for new materials
      • lack of market for goods, only really buy food and vodka
    • Banking System
      • Russian Banks didn't have enough money to invest and develop
      • abolishment of Serfdom= Peasants fell into heavy debt- REDEMPTION PAYMENTS
        • Backward Agriculture
          • lack of funding for new materials
          • no fertiliser/ new technology
          • each farmer only had small plot of land= little profit to develop with
          • Limited amount of fertile land, plot sizes shrinking
    • Backward Agriculture
      • no fertiliser/ new technology
      • each farmer only had small plot of land= little profit to develop with
      • Limited amount of fertile land, plot sizes shrinking
  • Industrial Development
    • lack of market for goods, only really buy food and vodka
  • Banking System
    • Russian Banks didn't have enough money to invest and develop
    • abolishment of Serfdom= Peasants fell into heavy debt- REDEMPTION PAYMENTS

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