Russian Economy 1892-1902

Russian Economy 1892-1902

Sergei Witte:

• 1892-1903 (roughly).

• See sheet.

• State capitalism: an economic system where the state undertakes commercial and business economic activities.

• Witte believed that economic reform could only be achieved through state capitalism.

Economic report, Witte:

• Communications: 

  • Great improvement.

  • Railways grew from 30,000km in 1890 to 60,000 by 1904.

  • Witte helped to initiate the Trans-Siberian railway.

  • Developed Russian steamship companies.

• Industry:

  • State-sponsored development of heavy industry.

  • Railways were used as a springboard for this…