the economy of Tsarist russia 1881-1904
- Created by: Daniel Wright
- Created on: 07-05-13 19:15
Ivan Vyshnegradsky
. appointed 1886
. he strove to improve Russian finances and build up the country's gold reserves
. He increased taxes and mounted a drive to swell grain exports
. He also reduced imports by increasing tariffs
. He also negotiated some valuable loans to kickstart growth - from the French in 1888
. Between 1881 and 1891 grain exports increased 18% as a % of total Russian exports
. By 1892 Russian budget was in surplus
. " we ourselves shall not eat but we shall export" - many peasants went hungry as they had little food which wasnt exported
. Dismissed in 1892 as a result of the famine which killed over 350,000 people
Sergei Witte
. appoined 1892
. He identified 3 key problems holding back economic development:
- insufficient capital
- lack of technical and managerial expertise
- insufficient manpower in the right places
. He carried on with the protective tariffs, heavy taxation and forced exports to generate capital. He also raised domestic loans to finance enterprises
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