AIII

Cards (5)

  • Witte's focus on industrialisation was achieved mainly at the expense of agriculture
  • Witte insisted that the most investment went on heavy industry and the railways
  • During the 'Great Spurt' coal production double and that of iron and steel increased seven fold
  • The growth in capital from abroad increased on average by 120 prcent every year from 1893 to 1898
  • Income earned from indsutry shot up from 42 million roubles in 1893 to 161 million roubles by 1897