Witte's reforms and their effects

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  • Witte
    • reforms
      • maintain different aspects of economy
        • protective tariffs
        • heavy taxation
        • forced exports
      • sought further loans
      • presided over a huge increase in foreign investment
      • encouraged people to come to Russia from western Europe
        • people
          • engineers
          • managers
          • workers
        • tasks
          • oversee industrial developments
          • advise on planning and techniques
    • effects
      • Russia was world's fourth largest industrial economy by 1897
      • increase in exports and foreign trade
        • grain was still mainly exported instead of industrial goods
      • railway network vastly expanded

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