Russian Economy: Past Potential
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Title: Russian Economy: Past Potential

Essay Details:

Subject: History
Author: John A
Date: June 20, 2015
Level:
Grade: A
Length: 4 / 1193

Essay text:

Had it not been for the revolutionary uprising of the Bolsheviks against the provisional government and the onset of World War I, Russia would have continued to experience explosive economic growth. Due to the vast potential of agrarian resources, massive labor pool, growing domestic entrepreneurial class, and relative attractiveness for other countries to invest foreign capital the Russian economy had unlimited possibilities to become one of the most powerful in the world. After their defeat in the Crimean War, Russia began to recognize its backwardness resulting from practices such as feudalism and serfdom, a large agrarian base, and an ever widening economic gap in comparison to the progress of other Western countries...

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