When was Witte minister?
1893-1903
What did Witte believe in?
State capitalism
What did Witte increase taxes on?
Everyday items such as salt and alcohol
What did the increased taxes do to peasants?
Increased grain exports as they had to sell more grain to pay their taxes
Why were foreign experts a problem?
They caused dependence on foreigners and their economy
When was the Russian currency placed on the gold standard?
1897
What did the gold standard create?
Financial stability.
But prices rose in Russia
What did Witte neglect?
Light industry like textiles.
Agriculture
By the 1890’s how much of all iron and steel was used in railways?
Nearly 60%
What was the railway size by 1900?
4700 miles
The economic growth of coal between 1890 to 1900?
Increases in millions of tonnes
5.9 to 16.1
The economic growth of iron between 1890 to 1900?
0.9 to 2.7
The economic growth of oil between 1890 to 1900?
3.9 to 10.2
Population of St Petersburg in 1897?
1,300,000
Population of St Petersburg in 1914?
2,100,000
What was Russias growth between 1898-1913?
96.8% but it was catching up to Britain
When was inflation 40% ?
1908-14
What was the average industrial wage rise between 1908-14 ?
7%
By 1900, who did Russia overtake as the 4th largest iron producer in the world?
It overtook France
What was the life expectancy in St Petersburg in 1897?
37
By 1914 Russia had how much fewer km of railway track than Germany?
11x less