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Sergei Witte played an important role in the economic development of late 19th century Russia through his roles directing the railway system and later as Minister of Finance from 1892 to 1903. He encouraged expansion of the Trans-Siberian Railway, devalued the currency to promote trade, placed Russia on the gold standard, and promoted industrialization through foreign investment. However, he paid less attention to developing agriculture and more advanced industries, relied heavily on foreign capital, and fa

Author

Farhana Jaidi

Language

EN