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Describe the economic situation in 1855

Descripción

The state of the Russian economy by 1855
Declan Wiseman
Mapa Mental por Declan Wiseman, actualizado hace más de 1 año
Declan Wiseman
Creado por Declan Wiseman hace casi 8 años
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Resumen del Recurso

Describe the economic situation in 1855
  1. Quotes
    1. "Wasteland behind Europe's back yard" Alexander Grinevsky
      1. Backward
    2. Labour
      1. 11:1 village to town dwellers vs Britain, 2:1
        1. Small middle class
          1. No entrepreneurs or wealth creators
            1. High unemployment
          2. Serfs starved during winter due to inefficient strip farming
          3. Goods and the economy
            1. Reliant on agriculture
              1. Main exports: raw materials
                1. Coal, timber, oil etc
                2. Self-sufficient- peasants could live without entering the market
                  1. Reliant on serfs, free labour
                    1. Slow economic growth
                      1. Low incentive
                        1. Serfs no wage
                          1. Trading more common than money
                          2. Much of Russia inhospitable
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