Nicholas II
- Witte's great spurt in full force
- Previous achievements modest in comparison
- Took out foreign loans, raised taxes and interest rates
- Rouble on 'Gold standard'
- Coal production doubled and that of iron and steel increased sevenfold
- Development of specialist technologies in oil and chemicals
- Railway went from 29,183KM 1891 to 52,612KM in 1901
- Huge capital from abroad which increased 120% every year
- Income from industry- 42 million to 161 million
- Pushed France into 4th place from Iron production in Europe
- 'Far exceeding Russian achievement for any comparable period before 1914 and establishing one of the most impressive performances in late 19th century.'
However, he only focused on heavy industry, loans were criticised, railway was costly, he didn't help agriculture. Was a dress rehearsal for industrialisation under Stalin in the 1930s
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