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Chapter 8-The Economic Development Of Russia To 1914
Industrialisation
Heavy Industry
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Initially lighter industries (
textiles
) had led the way.
Witte
however believed that heavy goods production could be increased
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By 1914 Russia was the world's
fourth
largest producer of coal pig
iron
and steel
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Russian oil production trebled from
153
million puds to almost
570
million between 1885 and 1913
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Moscow
overtook St Petersburg as an industrial centre however St Petersburg grew too
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Fuelled by a growing
internal
demand there was also a growth in
light
industry and textiles which still acounted for
40
% of the total industrial output in 1910
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By 1914 Russia was the world's
fifth
largest industrial power ( after the UK USA France and Germany)
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However the cost of
industrialisation
was high and Russia became dependent on
foreign
investment
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