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Mind Map by Amy Le Grys, updated more than 1 year ago
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Russia's Early Economic
Policies
- Ivan
Vyshnegradsky:
Finance Minister
1887 - 1895
- Offered financial incentives for peasants to migrate to
Siberia, taking some pressure off the demand for land.
- He began to finance Russian economic development from foreign loans,
laying the foundations for the rapid economic development of Russia
during the 1890's.
- Offered financial incentives for peasants to migrate to
Siberia, taking some pressure off the demand for land.
- Sergei Witte:
Finance Minster
1892 - 1903
- The 'Great Spurt'
- Taxes were raised on the peasentry to
pay for Russia's industrialisation.
- Sergei aimed to increase
Russia's industrial output.
- This also allowed Russia to
develop its military power.
- This also allowed Russia to
develop its military power.
- Oversaw the builiding of the
Trans-Siberian Railway, which streched
from Moscow to Vladivostok
- Rapid growth of towns and cities led to the
creation of poor living and working conditions.
- This provided an environment for the
development of social unrest and support
for radical alternatives to Tsarism.
- This provided an environment for the
development of social unrest and support
for radical alternatives to Tsarism.
- Taxes were raised on the peasentry to
pay for Russia's industrialisation.
- He wanted to modernise Russia's economy so it
could compete with the west. However, he had no
money to do so.
- Raised tariffs on foreign goods
- Raised interest rates on loads
- The industrial revolution didn't happen in
Russia and highly relied on agriculture. 80%
of Russia's population were peasants.
- Raised tariffs on foreign goods
- Put Russia on the Gold Standard
- The 'Great Spurt'
- Peter Stolypin:
Prime Minister
1906 - 1911
- Stolypin embarked on a reform programme
which transformed the Russian countryside.
- On the 9th November 1906:
peasants were freed from the
control of the commune.
- The Peasant Land Bank were instructed to
give loans to peasants leaving the commune.
- Abolishment of redemption payments 1907
- The Peasant Land Bank were instructed to
give loans to peasants leaving the commune.
- He encouraged peasantd to move to
undeveloped agricultural areas of Siberia.
- Incentive of cheap land financed
by government loans.
- Incentive of cheap land financed
by government loans.
- In 1905, about 20% of peasants had
ownership of their own land.
- By 1915, this figure had risen to 50%
- In addition to this, agricultural production rose from
45.9 million tonnes in 1906 to 61.7 million in 1913.
- By 1915, this figure had risen to 50%
- Little was done to improve the
living and working conditions of
Russia's industrial workers.
- Stolypin embarked on a reform programme
which transformed the Russian countryside.
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