Economic and Social Developments to 1914
- Created by: Bethcody16
- Created on: 11-09-18 15:53
VIDEO: https://www.youtube.com/watch?v=6wWW_nVldGM&t=1s
2.2 - economic development to 1914, change & conditions of working & living in towns vs countryside, social divisions, cultural changes
Industrial Developments
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Sergei Witte
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Sought capital, managers and skilled worker from overseas
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Jan 1897 - introduced new rouble - strengthen currency
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Encouraged foreign investment - started to decline due to businessmen finding new ones to expand their enterprises
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1895 ~ 280 millions of roubles. 1914 ~ 2000 millions of roubles.
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Capital used to fund public works, develop infrastructure (railways, telegraph lines), develop mines, oilfields and forests for timber
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Railways
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State controlled 70% of railway
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By 1905 - 59,616 km of railways
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Allowed more extensive exploitation of raw materials
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Linked grain-growing areas to Black Sea - more exports
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Stimulus of development of heavy industry
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Heavy Industry
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Witte wanted to concentrate of key areas of production
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Baltic coast, Moscow, Donbas region, Baku coalfields
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Made production geographically uneven - only on west of Russia
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Coal ~ 5.9 millions of metric tons (1890)/25.4 millions of metric tons (1910)
Agricultural Developments
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1906 - Stolypin made Minister of Internal Affairs
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Before - farming was small scale, by former serfs and peasants
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