Sergei Witte served during the early part of Nicholas II’s reign as Minister of Finance. The tsarist government had military objectives through the acceleration of the economy. The Tsar also wanted to acquire more power and catch up with modern neighbour countries‚ and he knew that the only ways to achieve this were through military strength and through economic strength. Economic expansion meant the improvement of the strength of Russian armed forces‚ as the growing industry would produce more and
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As Russian Minister of Finance 1892-1903‚ Sergei Witte undertook a programme of rapid Industrialisation in an attempt to modernise Russia. Although a programme of this nature was not unprecedented‚ it had already occurred in Japan and Germany‚ it was still highly ambitious. He hoped to raise Russia to the standard of her enemies‚ fearing that if she did not modernise quickly‚ her army would be obsolete and she may cease to be a sovereign power . Witte’s reforms were‚ overall‚ quite simple but at
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Witte made it easier for foreigners to invest in Russian Industrial Ventures; he also borrowed to fund public works and infrastructures such as new railways‚ telegraph lines and electrical plants. Witte’s help helped the Russians improve really quickly‚
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How far did Witte improve and modernize the Russian economy? Before Witte came into power‚ Russia was in a state of crisis. Due to many factors (including the tsarist system‚ geography and lack of education and ingenuity) Russia was 500 years behind the western powers. Witte‚ as finance minister oversaw Russia’s transition economy from 1892 to 1903. Witte aimed for greater exports‚ ambitious industrialization‚ and large foreign loans. He hoped to modernize Russia and make it competitive with other
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ironic due to the fact that Gatsby made his wealth through bootleg businesses and never was approved by the traditional upper class. As a result‚ he never truly achieve his ultimate dream because of social corruption. First of all‚ Tom who represent the “old money” never approved Gatsby’s wealth by saying “who is this Gatsby anyhow?” and his accusation of Gatsby did not made his money through a legitimate way.(Fitzgerald 107) Other upper class elite also did not approve Gatsby because they don’t truly
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Adam achieved his dream in many ways. From the very beginning he was always the first person to take on the challenge. “Adam was the first to scoot‚ first to crawl‚ first to walk‚ and first to climb out of the crib.” (Blehm 2) Later on‚ as his teenage years carried on he started hanging around some people that were a bad influence on him. He had a girlfriend named Cindy‚ she was the first person in his life to introduce him to drugs. His life soon went downhill. Adam stole from his parents. “When
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Cash Management Framework and its Integration with Debt Management Professional Development Seminar on Debt Management December 10‚ 2008 Sailendra Pattanayak and Brian Olden‚ FAD Overview Definitions of Cash Management Outline of a modern cash management framework Cash rationing vs. cash management Benefits of an efficient cash management system Prerequisites for effective cash management Banking and payment arrangements Cash forecasting Institutional framework Managing cash balances-the
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To what extent did Witte’s Policies develop Russia? Sergei Witte was the Minister of Finance in Russia in from 1892 to 1903. He desperately wanted to bring Russia‚ metaphorically‚ ‘out of the dark ages’ by bringing it up to speed‚ so that it would eventually reach a level of modernisation where it could go head to head with the advanced countries further west. He believed Russia first needed to attain capital investment in the industrial sector‚ increase urban workers (Proletariat)‚ attract foreign
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Essex’s source of income (the monopoly) was not renewed and his attitude shifted from sorrow to rage and rebellion when his freedom from going behind Elizabeth’s back to go to war was granted. His power at court was weakened when he led an unsuccessful rebellion in 1601 where he rebelled against Elizabeth and the court faction - led by Robert Cecil - to gain further influence and control at court. These sources suggests the Earl of Essex caused his own downfall. Source 10 suggests that Elizabeth had
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From 1933 to 1939 Hitler aimed to achieve a "social revolution" in Germany. He aimed to achieve such social policies within the Youth and Women but particularly through his concept of volksgemeinschaft‚ meaning ’people’s community‚’ he hoped to transform Germany into a strong country based on traditional peasant values." David Schoenbaum has argued that Hitler’s "social revolution" was a fake‚ and perceived as being real‚ due to the influence of Hitler’s propaganda. Hitler effectively aimed to unify
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