Economic and social change - Witte 2

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'Great Spurt' under Witte (1892-1903)

  • Witte (Finance Minister) was most associated with the rapid industrialisationof Russia in 1890's
  • However, the foundations of growth were laid by the previous finance ministers, Bunge and Vyshnegradsky
  • Important development - introduction of high tarrifs to protect Russian economy in 1891
  • Witte wanted to make the Russian economy strong enough to maintain Russia's position as a Great Power
  • Russia was behind the rapid industrialisation taking place in Britain and Germany
  • Russia had very small business class 
  • Majority of peasants did not have complete freedom of movement (limited migration of workers to towns and cities so…


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