Economic policies of the Tsars and communists
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Point made (P)
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Point explained (E)
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Point Evidence (E)
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Point Linked (L)
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It
could be argued that the attraction of foreign investment and exports
demonstrates the success of some leaders, particularly the Tsars in improving
the Russian economy.
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This
investment lead to railway construction and the Trans-Siberian line.
Witte
resurrected Reutern’s ideas, of encouraging foreign experts to come to
Russia.
Witte
boosted available capital in industry, via the taking out of foreign loans,
raising taxes and interest rates.
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Reutern’s
reforms was intrinsic in the construction of railways and there was a 7 fold
increase in the amount of railway tracks from 3532 km in 1862 to 22,498 in
1878.
Witte’s reforms lead to the Great Spurts
between 1893 and 1903.
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The
expansion of the railways further illustrate the importance of attracting
foreign investment capital.
Additionally the expansion gave a significant boost to the industrial
section.
Moreover,
Witte’s attraction of foreign investment saw Russia begin to catch up with
other industrialised nations by 1900, for example France was ousted into
fourth place in word iron production.
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