Wittes Russian Economy

What steps did Sergei propose to modernize Russian industry?

The situation and the economy was not very good in Russia. They were having lots of problems, like for example they had a population explosion, there were harvest, and famine, there was a bad system of land distribution, they did not have very good farming equipment, and many other things. Peasants were suffering a lot, but also every Russian. One of the most important facts in Alexander III’s and Nicholas II’s ruler ship, ways they’re idea of industrialization. In this ruler ship, the minister of finance from 1892 to 1903, was Sergei Witte.
Sergei Witte was a very important person in the Russian government. He was a very intelligent and necessary man. He realized that Russia’s key to success, was industrialization. Wittes economic policy promoted industrialization, and also had political and social consequences. First he started with the banks. They offered peasants loans to purchase land at low ...