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Russia's Industrial Weakness

Russia was one of the latest European powers to industrialise. Before the 1890s, its economy was extremely underdeveloped.

Background

Background

  • In 1850, most of Russia's economy focused on producing grain.
  • All the income from selling grain went to the Russian aristocracy (like the Tsar) who owned serfs (effectively slaves owned by the aristocrats).
  • In 1861, the Russian emancipation of the serfs freed all of these slaves to work in other industries.
  • The Russian army had been badly defeated by England in the Crimean War of 1853-1856.
Sergei Witte

Sergei Witte

  • Sergei Witte became head of the Russian railway system in 1889.
  • He was an economist who would become the Russian Prime Minister in 1905.
  • He was responsible for planning and building the Trans-Siberian Railway.
Russian population

Russian population

  • Between 1800 and 1900, the Russian population had grown by 25 million people, from 111 million people to 136 million people.

Sergei Witte's Reforms

Sergei Witte introduced a series of reforms in the 1890s which helped bring Russia into the industrial age.

Witte's currency reforms

Witte's currency reforms

  • In 1896, Witte moved the Russian economy from the Russian rouble to the gold standard.
  • This reform encouraged foreign investment in Russia.
Witte's reforms - transport

Witte's reforms - transport

  • Witte became Prime Minister in 1905. He was the Finance Minister between 1892 and 1903.
  • He attracted foreign investors to Russia.
  • He was also in charge of transport reforms. Between 1893 and 1902, Witte constructed 27,000km of railway lines (doubling Russia's railway capacity).
  • Telegraph lines were built running along the railway lines.
Witte's reforms - urbanisation and industrialisation

Witte's reforms - urbanisation and industrialisation

  • Investors in Britain and France began to invest in Russian industry and Russian companies.
  • More Russians moved to the cities, especially manufacturing cities like Moscow, Donbas, and St Petersburg.
  • Russia became very strong in metallurgy, where 77.5% of all industrial workers worked.
  • Between 1885 and 1913, the Russian economy grew at 3.25% per year.
Jump to other topics
1

The End of Tsardom

2

Lenin's New Society

3

Stalin's USSR

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