Essay on The Industrial Revolution in Russia - 962 Words

The Industrial Revolution in Russia Russia, which began its industrial revolution at least a half century behind most of the West European countries, had to meet a number of special challenges. Russia moved to industrialisation in stages. An uncertain experimental phase – which Russia had already experienced to an extent before 1870 – included larger reforms that helped free up economic change. This preliminary period was followed by more rapid growth in a society still overwhelming agricultural. Russia had well-developed industrial sectors by the early 20th century, but paused well behind the West. Russia became the only society to experience full-fledged political and social revolution†¦show more content†¦Mileage doubled between 1895-1905, the additions including almost the whole of a line across Siberia that opened the vast resources of this region to industrial use. Private companies, working under government allowances, did much of the work, but after 1880 state control increased. A key factor in Russia’s early industrial revolution, along with increasingly focused government planning and railway development, involved foreign entrepreneurs, from whom Russia gained much-needed capital and technical knowledge. West European industrial countries such as Germany and France, were quite aware of Russia’s vast potential. The huge population, though largely peasantry and with a traditional agriculture, presented a tempting market to target. Smaller business class in Russia made the foreign presence there even more noticeable and its role in guiding industrialisation even greater. Foreign capital was absolutely essential to Russian industry. It constituted at least 20% of all capital invested before the 1890s and then began to expand even further. France, Germany and even Britain developed wide interests in Russian Industry. West European activities spread across Russia’s industrial territory. A number of French and German firms set up Russian branches. Not only Western companies established branches but also individual entrepreneurs setting up RussianShow MoreRelatedRussia and Latin Americas Responses to Industrialization Essay1499 Words   |  6 Pagesthe 19th century, Russia and Latin America responded similarly to industrialization in the formation of a growing middle class, in a â€Å"boom† in exports and new economic ties, in urbanization, and in similar acts of revolutionary disobedience against a dictator. Latin America, as a result of industrialization, created a small market for manufactured goods unlike Russia’s vast industrial market powered by foreign investments. 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