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To What Extent Did Ivan Vyshnegradsky and Sergei Witte Industrialize 19thcentury Russia

To What Extent Did Ivan Vyshnegradsky and Sergei Witte Industrialize 19thcentury Russia - Essay Example

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As finance ministers the two notable individuals performance in the sector led to diverse form development. The two finance ministers had their strategies pegged on different and at…

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To What Extent Did Ivan Vyshnegradsky and Sergei Witte Industrialize 19thcentury Russia

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Subject: History
Type: Essay
Level: Undergraduate
Pages: 16 (4000 words)
Downloads: 2
Author: frederik64

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Others state that the minister intelligently participated in joint stock companies achieving his state of wealth. Born from parents of the priestly family, the minister graduated from college and thought mathematics and mechanics in a military institution. St Petersburg educational institution is where the minister lectured. Ivan rose to the position of state council in the year 1886. In the year 1887, he became finance minister of Russia. The minister pursued various policies and objectives. Some of his objective in the policies of the ministry increase government interfering with private railways.

Some of these policies include the nationalization of the least performing railways. The other important activity of the minister was the preparation of monetary reforms (Alston 904). The other important policy sought by the ministry includes the settlement of the budget deficit. The ministry was also proactive in providing support to domestic industries in the country. When the name of Sergei Witte comes to discussion, various qualities of him take form. The man was a highly influential individual in policy making in Russian.

Sergai was at the helm of the ministry during the first Russian revolution. As a minister during that period, the Russian minister saw the abolition of serfdom. The power of the minister was even higher with his relation with reign of Nicholas II. He devoted his life to the adherence of absolute Monarchy. The Minister had an approach to some moral qualities. On the other hand, the leader had a great wealth of wisdom. After his appointment to the ministry, Sergei became the most influential member of the government.

His ministry had a positive inferential that is the reason he was successful. On the other hand, the minister implemented a number of reforms in the ministry of Finance. Some of his policies saw the transforming of the economy. The minister was able to transform the economy from a dropping level to a stable scale. The other

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