Economic Social Developments and Church Influence

VIDEO: https://www.youtube.com/watch?v=5ICuTHgJvcg&t=11s

●1.6 - Economic & social development, industrial development, social divisions, nobles landowners & peasants and influence of Church

ECONOMIC

Mikhail Von Reutern - produced a series of reforms to boost economy

• Treasury reformed, new collecting tax arrangement

• Tax farming - abolished

• Trade was promoted

• Foreign investment was encouraged

• ~ Forced former tax farmers to invest elsewhere

• ~ Annual average growth of 6%

• ~ 1871 - oil extraction. 1872 - ironworks set up

• ~ Economy remained comparatively weak

• ~ ⅓ of government money - repaying debts

Ivan Vyshnegradsky

• Tariffs raised

• Increased indirect tax

• 1881-91 - grain exports increased by 18%

• 1891-92 - Great Famine - thousands died

Sergei Witte

• Economic modernisation - stop revolutionary activity

• Protective tariffs, heavy taxation, forced exports - generate capital

• Additional loans from abroad -…