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1894-1917
Economic Developments - 1894-1914
1894-1914 - Heavy Industry
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There was substantial growth of heavy industry in this period but it has to be remembered that it came from a very
low
base.
Coal went from
5.9
million tons in 1890 to
25.4
millions tons in
1910
.
Pig iron from less than 1 million to
3
million.
There was substantial growth of heavy industry in this period but it has to be remembered that it came from a very
low
base.
Coal went from
5.9
million tons in 1890 to
25.4
millions tons in
1910
.
Pig iron from less than 1 million tons to 3 million.
Crude oil from under
4
millions tons to over
12
million.
In 1914, Russia was the
5th
biggest industrial producer in the world.
Much of this was funded by
2
billion roubles of foreign investment in 1914.
Much of heavy industry was
state
owned.
The
Donbas
region produced most of the coal.
Russian
oil
production led to the massive growth of
Baku
as a port city.
Moscow
became the rail hub linking the
East
and
Europe.
St
Petersburg
was home to the impressive
Putilov Iron Works.