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What type of economy existed in Russia before the Revolution?
Answer:
Points to remember
The economy of Russia before the revolution:
- Majority of Russia’s population were agriculturists.
- The industry was found in pockets . Prominent industrial areas were St Petersburg and Moscow .
- Many factories were set up in the 1890s when Russia’s railway network was extended , and foreign investment in industry increased .
Answer to be written
The economy of Russia before the revolution:
- At the beginning of the twentieth century, the vast majority of Russia’s population were agriculturists as a result, Russia was a major exporter of grain because about 85 per cent of the Russian empire’s population earned their living from agriculture . In the empire, cultivators produced for the market as well as for their own needs .
- The industry was found in pockets . Prominent industrial areas were St Petersburg and Moscow . There were large factories alongside craft workshops , but most of the production was performed by craftsmen.
- Many factories were set up in the 1890s when Russia’s railway network was extended , and foreign investment in industry increased . Coal production doubled and iron and steel output quadrupled . By the 1900s , in some areas factory workers and craftsmen were almost equal in number .
