Industrial Reforms - Alex II
- Created by: Fern
- Created on: 08-04-14 13:31
Industrial Reforms - Alex II |
||
Causes
|
Effects
|
|
Overall summaryThe development of Russian industry can be regarded as partly successful - some improvements were made, but these were minimal and Russian industry remained far inferior to the Western nations. Emancipation only lead to a small increase in the size of the available industrial workforce, and although the railways were developed the increase achieved was far from sufficient; A state bank stabilized the currency and so some improvement was observed in the financial sector, but it still remained disorganized and lacked efficient administration. Tariffs being lowered was disastrous - but this negative effect was reduced by the policy reversal in the 1870's. |
Comments
No comments have yet been made