Foreign loans
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5 Terms
1
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Whose ideas were resurrected and what were they? (FL)
Reutern’s, encouraging foreign experts to come to Russia
2
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What was negotiated in 1906? (FL)
Return to taking out foreign loans, raising taxes and interest rates to boost available capital for industry investment
3
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What new class was created? (FL)
Go-ahead Russian industrialists, entrepreneurs and businessmen
4
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Why was reliance on foreign capital dangerous? (FL)
Loans could be recalled at short notice and reliance on foreign technological expertise stunted home grown talent
5
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Why were interest rates bad? (FL)
Paying them to service foreign debt was a major drain on resources
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Flashcards (26)