Russia's Financial Reforms
- Created by: Misshannahangel
- Created on: 11-09-18 21:48
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- Economy- Finance
- Indirect Taxes
- Peter taxed items like beards, salt and tobacco
- Previously, these accounted for 33% of revenue raised via taxation.
- Now, they accounted for 53%
- Increased revenue, tapping into the wealth of the nobles
- Now, they accounted for 53%
- Previously, these accounted for 33% of revenue raised via taxation.
- Peter taxed items like beards, salt and tobacco
- Debasement of Currency
- A reduction in silver content substituted with base metals
- A shortage of bullion = set right by order preventing the export of silver on pain of death
- Reducing the coinage tidied the government during the war with Sweden
- Between 1701 and 1709, it produced 4.4 million roubles
- A reduction means a possibility of inflation occuring
- Reducing the coinage tidied the government during the war with Sweden
- Direct Taxes
- Peasants were seen as a key to wealth for Russia
- Thousands forced to march vast distances to work on canals and shipyards
- Peters conscription of 25 years service
- 300,000 peasants conscipted
- 1718 Poll tax
- Peasants on private land = 74 kopecks. Peasanta on state land = 144 kopecks
- Produced half of revenue needed
- The peasants couldn't afford this. They were being impoverished
- 1724, 18% of poll tax couldn't be collected due to peasants being unable to pay
- Peasants on private land = 74 kopecks. Peasanta on state land = 144 kopecks
- 1722 = Peasants couldn't leave their estates without permission written by their owners
- Reinforcing power of nobles over the serfs
- Peasants were now numbered either state peasant or private peasant
- 1719 Ukaz = If a landowner caused undue hardships to his serfs , he could lose his estate
- often ignored
- Peters conscription of 25 years service
- Thousands forced to march vast distances to work on canals and shipyards
- Peasants were seen as a key to wealth for Russia
- Aims for increased Revenue
- The GNW- "money is the artillery of war"
- The navy
- Industry
- St Petersburg, Canal building
- Indirect Taxes
- Overall Judgement
- Peter managed to raise enough revenue that he didn't have to gain loans fron foreign countries
- would the foreign countries even given him loans?
- Does this mean he had no choice but to effect the peasants as he desperately needed revenue for war
- How can we blame Peter?
- Does this mean he had no choice but to effect the peasants as he desperately needed revenue for war
- would the foreign countries even given him loans?
- He balanced his budget and raised all funds
- Serfs were ruined
- Long Term Success = NO. When Peter died, Russia moved into a period of financial turmoil
- Peter managed to raise enough revenue that he didn't have to gain loans fron foreign countries
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