Sergei Witte's reforms
- Created by: Miss.Hwan7
- Created on: 30-04-19 00:49
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- Sergei Witte's reform Minister of Finance (1902-3 & shortly in 1905)
- Industrial reforms
- Russia had raw materials but lacked funds so he seeks foreign loans and raised taxes
- Trans- Siberian railway built and coal industry grew in Ukraine
- Expended on schools.
- negative effect
- Twice as much needed to pay back the loans and this was raised through high taxes that affected the peasants greatly.
- Half of Peasants in poverty due to emancipation payment, thus taxes will lead to hardly any income to buy necessities, poor living standard and gradually unrest.
- Twice as much needed to pay back the loans and this was raised through high taxes that affected the peasants greatly.
- Russia had raw materials but lacked funds so he seeks foreign loans and raised taxes
- Industrial reforms
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