Problems with Russia's Economy in 1881
- Created by: fizz
- Created on: 07-03-13 15:01
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- Economic Problems, Russia 1881
- Industrial Development
- lack of funding for new materials
- lack of market for goods, only really buy food and vodka
- Banking System
- Russian Banks didn't have enough money to invest and develop
- abolishment of Serfdom= Peasants fell into heavy debt- REDEMPTION PAYMENTS
- Backward Agriculture
- lack of funding for new materials
- no fertiliser/ new technology
- each farmer only had small plot of land= little profit to develop with
- Limited amount of fertile land, plot sizes shrinking
- Backward Agriculture
- Backward Agriculture
- no fertiliser/ new technology
- each farmer only had small plot of land= little profit to develop with
- Limited amount of fertile land, plot sizes shrinking
- Industrial Development
- Industrial Development
- lack of market for goods, only really buy food and vodka
- Banking System
- Russian Banks didn't have enough money to invest and develop
- abolishment of Serfdom= Peasants fell into heavy debt- REDEMPTION PAYMENTS
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