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RUSSIA: Chapter 1: The rule of Tsar Nicholas II > 4. Witte > Flashcards

Flashcards in 4. Witte Deck (78)
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1

Why did Russia modernise?

Be on the same level as other European powers

2

What did Russia’s want to be on the same level as other European powers mean?

Modernise

3

What was Inside Russia’s reserves?

Oil, Iron, Coal, Timber

4

During what period was Witte the financial minister?

1892-1903

5

Who was the financial minister between 1892-1903

Sergi Witte

6

Who’s idea did Witte support?

Reuterners

7

When were foreign loans negotiated?

1906

8

What did Witte want to do to interest rate and taxes?

Raise interest rates and taxes to boost available capital

9

When was the Russian currency placed on the Gold standard?

January 1897

10

What did Witte do in January 1897?

Witte places Russian currency on the Good Standard

11

What happened to coal production

Doubled between 1890-1905

12

What materials production double between 1890s-1905

Coal

13

What happened to iron and steel?

Production was 7 times greater

14

What material was 7 times greater during 1890s-1905?

Iron and steel

15

During what period did coal production double?

1890s-1905

16

What happened to the oil and chemistry industries?

New technology introduced

17

What happens to the oil and chemistry industry?

New technology introduced

18

What were the railway tracks length in the 1891?

29183

19

When was the length of the railway tracks in 1891?

29183

20

What was the length of the railway tracks in 1901?

52612

21

During what period did the railway tracks increase from 29183 to 52612?

1891 to 1901

22

How much did capital investment increase by between 1893-98

120%

23

In which sector did the investment increase by 120%

Capital every year between 1893-1898

24

During what period did capital increase by 120% every year

1893-1898

25

How many people were working class

11 million

26

11 million people in the population were ...

Working classes

27

What was the nickname of the government that had overseen work?

Witte system

28

What was the Witte system?

nickname of the government that had overseen work

29

What financed the development in manufacturing

Loans from abroad

30

What was the percentage of increase in railways in 30 years

230%