Russia’s economic development
- Created by: book.of.wisdom
- Created on: 30-06-20 20:36
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- Russia’s economic development
- Trade
- Russia did not have any warm water ports
- No money made
- Grain was the most important Russian export
- Russia did not have any warm water ports
- Western Industrialisation
- Britain started producing more pig iron than Russia
- Austria produced more cast iron
- Loss of money/trade
- Austria produced more cast iron
- Britain started producing more pig iron than Russia
- Underdeveloped industrialisation
- Underdeveloped banking system
- Difficult investment
- Lacked a pool of labour for new industries
- Underdeveloped banking system
- Transportation
- Railway link between St Petersburg and Moscow was opened in 1851
- Had way less railway links compared to the West
- Lack of clear roads
- Bad communication
- Rivers were great except for when they froze over
- Railway link between St Petersburg and Moscow was opened in 1851
- Trade
- Colour key: blue = features
- Colour key: grey = potential problems
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