The planned economic system in U.docx - The planned economic system in U.S.S.R-Lesson 15 Imperial Russia The Russian Empire at the beginning of the 20th

The planned economic system in U.docx - The planned...

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The planned economic system in U.S.S.R-Lesson 15 Imperial Russia: The Russian Empire at the beginning of the 20 th century was regarded as one of the great powers. Despite that being true in absolute value, Russia’s per capita production and consumption was instead really low. Its industrialization trace back to the reign of Peter the Great. In the first half of 19 th century especially from 1830s onward, industrialization became more visible, it has been estimated that the number of industrial workers grew to a more than half million. After the Crimean war Russia started a number of reforms , the great spurt of industrialization was in 1890s. Much of the credit for this spurt account to the Trans-Siberian railway. The Donbas had the largest deposit of coal, but it was really remote, before the coming of the railway the coal was uneconomical to mine. The government sought to encourage industrialization by several means it borrowed abroad to finance the construction of state-owned companies, it places high tariffs on iron and steel products but at the same time facilitated the introduction of the most recent equipment for manufacturing. The boom slowed down and before the WWI Russia economy underwent substantial change in the direction of a more modern, proficient system. Its economic weakness became acute during the way, contributing to Russian defeat and setting the stage for 1917 revolution. 20 th century The pre 1914 world economy was dominated by Europe and USA, in political terms UK, France, Germany, the Netherlands, Belgium, Denmark and Italy together with the vast empire of Russia controlled more than ¾ of the Earth surface and a large portion of world population. The WWI and the Russian Revolution of 1917 brought changes to this structure The Russian revolution and the soviet union Imperial Russia entered the WWI expecting a quick victory, that illusion shattered soon. By the beginning of 1917 the economy was in shambles. In early March strikes and riots broke out in Petrograd some soldiers joined the demonstrators and gave them arms while railways works prevented other troops from coming into restore order. On March 12 leaders of strikes and soldiers were joined by representative of the various socialist parties in a Soviet of Workers' and Soldiers' Deputies. On the same day a Committee of the Duma decided to form a provisional government and on March 15 obtained the abdication of the tsar. Thus ended the long reign of the Romanov. The new regime immediately proclaimed freedom of speech, press and religion announced that it would undertake social reform and land redistribution, and promised to summon a constituent assembly to determine Russia's permanent form of government. Lenin the leader of the Bolshevik faction of Russia's socialist parties, returned in Petrograd in April 1917. Lenin quickly established his dominance in Petrograd soviet and carried a campaign against the Provisional Government.
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