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  1. Russian Economy From Szar-Present

    Russian Economy From Szar-Present The economy of Tsarist Russia was a mixture of different philosophies and influences that generally performed poorly. As a general

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Russian Economy From Szar-Present

Submitted by emorrow on July 16, 2008

Category: History Other
Words: 843 | Pages: 4
Views: 60
Popularity Rank: 116,644
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The economy of Tsarist Russia was a mixture of different philosophies and

influences that generally performed poorly. As a general rule, the Russian economy

lagged behind the leading nations by a generation or two. Approaching the First World

War, the Russian economy showed signs of promise, but these merely veiled the

underlying weaknesses. When the war exposed these weaknesses in the most brutal

fashion, Tsarist rule came to an end.

The Russian Empire began life essentially as a feudal state. The economy was largely

agrarian, with serfdom being commonplace, and this being the replacement in the early

19th century for slavery. The disparity of wealth was high. As other European nations

were entering the Industrial Revolution, Tsarist Russia was barely throwing off the

shackles of serfdom, in 1861.

However, they only replaced on set of economic shackles with another. The serfs were

forced to pay heavy taxes to their former landowners for what was often marginal land.

The result of this policy was the perpetuation of economic stagnation and vast income

disparity. It was not until the later part of the 19th century that Russia began to move into

the Industrial Revolution.

One of the country’s most significant infrastructure development projects was the Trans-

Siberian railroad, which opened up the east to economic development. However, the

costs to the Empire for the building of the line were high, and the expected benefits

failed to materialize in the timely fashion. Industrialization, however, had some to

European Russia by the time of Nicholas II’s ascension. As the economy slowly lurched

out of agrarianism, income disparity...

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