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The economy of Russia is much more stable today than in the early 1990s, but inflation still remains an issue. Historically and currently, the Russian economy has differed sharply from major developed economies because of its weak legal system, underdevelopment of modern economic activities, technological backwardness, and lower living standards.
In general, the peasants bought not only land, but also the value of serf labor, which enabled the state to cash in on the redemption operation. Unlike Austria and Prussia, the Russian government did not invest a single ruble in agrarian reform, but managed to make the redemption operation beneficial to the state. The debts of the landowners ...
Industrialization in the Russian Empire saw the development of an industrial economy, whereby labor productivity increased and the demand for industrial goods was partially provided from within the empire. Industrialization in the Russian Empire was a reaction to the industrialization process in Western European countries.
Because of this, industrialization could not feed solely on enthusiasm and demanded a series of compulsory measures. [43] [53] Since October 1930, the free movement of labor was prohibited and criminal penalties were imposed for violations of labor discipline and negligence. Since 1931, workers had become responsible for damage to equipment. [43]
Under Tsar Nicholas II (reigned 1894–1917), the Russian Empire slowly industrialized while repressing opposition from the center and the far-left.During the 1890s Russia's industrial development led to a large increase in the size of the urban middle class and of the working class, which gave rise to a more dynamic political atmosphere. [1]
Magnitogorsk, the largest of the rapid industrialized areas of Russia, was founded in 1743, but became more prevalent in the early 1930s by Stalin. His plan was to make it a one-industry town. The city would become the largest steel producer in Russia and was meant to rival production that was being seen in the U.S. at the same time.
In her suddenly relevant history of NATO’s expansion, “Not One Inch,” she recounts how Presidents George H.W. Bush and Bill Clinton both tried to make a place for Russia in European security ...
Upon the Soviet Union's collapse, the new Russian government was forced to manage the huge state enterprise sector inherited from the Soviet economy.Privatization was carried out by the State Committee for State Property Management of the Russian Federation under Anatoly Chubais with the primary goal being to transform the formerly state-owned enterprises into profit-seeking businesses, which ...