HIST 2600 Lecture Notes - Lecture 30: Chemical Industry, House Of Romanov, Sergei Witte
23 Feb 2017
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Between 1760 and 1860, england, france, belgium, us, germany, experienced their industrial revolutions. They were better at producing things at russia. Prior to 1860, russia lacked prerequisites for industrial revolution. Serfdom was not condusive to fluidity of labour tied man to the land. Restriction on movement of serfs in effect till 1906. Ex-household serfs, beggarly allotment serfs, etc. went into the cities. 1863, 3 cities with population more than 100,000. A byproduct of this urbanization is increase in money economy and market. Increase 5 times over over 55 years economy rather than bater or service economy. This means cities can absorb products of industrial revolution: there is a market now. Ready supply of capital for industrial development. At time of emancipation, no crew credit system, stable currency, etc. Thus could not make capital or win confidence of foreign investors. Domestic capital hard to find: no middle class to invest in things.
