How much did railway increase by
It doubled
How much was Russia’s coal output increase by
183 million puds 1890 to 671 million puds in 1900
What is a pud
Russian measure of weight
How much did foreign investment increase by
1895 - 280 million roubles
1900 - 911 million roubles
1914 - 2000 million roubles
What did Witte do to state manage industrial growth
Bring in skilled workers from overseas
What did Witte do with currency to encourage foreign confidence and investment
Introduced a new rouble which was backed by Value of gold in Jan 1897
Negatives of Witte introducing a new currency
Foreign investment declined in 1900s - Russian businessmen expanded businesses and found new ones
HOWEVER
State involvement remained an essential feature up to 1914
What was the capital used for
To fund public works
Develop Russia’s infrastructure - railways, telegraph lines and electrical plants
Develop mines, oilfields and forests for timber
How much railway did the state control
70% by 1900s
How much of Russia’s extraction of metal production did State buy
2/3rds
How much income did the government receive just from industrial investments
25%
1905 Km of railway
59,616
66% state - owned
Railways positives
Helped open up Russian interior
Allow more exploitation of Russia’s raw materials
Linked grain- growing areas to Black Sea ports
Developed iron and coal industries
Transport costs fell - lowered price of goods
Russia’s railway in 1913
Second largest railway
62,200 km
Trans - Siberian Railway
Crossed Russia from West to East
1891 - 1902
Ran from Vladivostok to Manchuria - 7000 km
Trans - Siberian Railway benefits
Economic benefits - emigration and farming
Opened up Western Siberia
Trans - Siberian Railway negatives
Promised more than it delivered
What did Witte believe on industrial growth
Concentrating production in key areas and developing large factory units of big increases in heavy goods production could happen - LED TO INDUSTRIAL DEVELOPMENT IN 1914
What region supplied the most coal in 1913
Donbas region
How big was the Donbas region
23,300 square km
How much did the donbas region supply (coal)
87%
How much did the ironfields produce in donbas region by 1913
Krivoi Rog
Produced 74% of all Russian pig iron
By 1914 where was Russia in terms of producing coal, pig iron and steel
FOURTH largest in the world
How much did Russian oil increase by between 1885 and 1913
153 million puds - 570 million