econ development

• stylopin successful as modernises + does grow
• Industrial production grew steadily at a rate of around 6% per annum


  1907 to 1914
• By 1914, Russia ranked as the world's fourth-largest producer of coal, pig-iron, and steel
• The Baku oilfields were only rivaled by Texas in terms of oil production
• Heavy industry remained the dominant sector, fueled by the government's rearmament program
• Metallurgical companies received huge orders to rebuild the Baltic fleet and restock weapons post-Russo-Japanese War
• The focus on rearmament led to a shortage of agricultural tools and machinery
• Industrial development was primarily state-sponsored, with companies reliant on government contracts
• While foreign loans were still important, the internal market in Russia was growing
• Consumer goods production increased, driven by demand from the increasingly successful agricultural sector
• The share of consumer goods as a proportion of total industrial production declined from 52% to 45% because Russia wanted to modernize agriculture yet focused on the military