economics

    Subdecks (2)

    Cards (24)

    • who started as the finance minister
      serge witte continues from Alex III
    • who becomes finance minister after witte
      Pyotr Stolypin
    • too dependent on foreign investment
    • the railway opened up the eastern empire and advanced the growth of new towns and cities
    • the railway exploited natural resources better
    • state bought railway companies started in 1891
    • a new railway linked the oil refineries of Baku to the black sea port of Batum which helped stimulate the growth of iron and coal industries
    • the trans-siberian railway was built to encourage migration to areas where workers were needed but by 1914 it was only partially finished and didn't increase migration much
    • rapid expansion of cities since large-scale manufacture attracted people seeking employment
    • poor working conditions and overcrowding in cities
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