Witter (Minister of Fianance) wanted to modernise Russian Economy He:
- strenthened protective tariffs to guard Russin industry
- Got foreign powers to invest
- felt the indusrty would stop social unrest giving empoyment
- Gold standard
rapid progress in industry led to urban overcrowding and terrible living conditions as factories grew in size 2.5 million workers in industy.
Because of the terrible living conditions there was a presisting problem of strikes. (68 in 1895 - 14,000 in 1905)
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