Rules Everyone speaks Everyone gives their opinions and why No one interrupts Everyone listens to each other Alexander 3 was a reactionary Russia lacked an industrial workforce There was no innovation in agriculture under the Tsars Crimean war Lack of industrialisation Role of the state Riots Fear of the peasants Needs of the state most important – state bank – industrial enterprises => private banks Growth in investment Growth in railway funded by loans Prevention of waste as accounts published Tax on vodka production – end of corruption and re-investment Fiscal reform Peasant State Bank Nobles State bank Abolition of the poll tax Protectionism via tariffs Factory inspectorate Planned income tax but failed to intro Highest tariffs in Russian history State played an active role in the economy Encouraged foreign investment Tariff protection Promoted Heavy industry Huge development Most still cottage workers Growth of railway ………….. 1894 – still little change No real desire to improve working conditions Background Positions of power Aims Actions Success Failures Witte Background Positions of power Aims Actions Success Failures Stolypin