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Document Analysis of Witte’s Economic Policy Reform. Sergei Witte, the author of this document of economic policy reform was appointed to the position of Minister of Finance in 1893.
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Document Analysis of Witte's Economic Policy Reform. Sergei Witte, the author of this document of economic policy reform was appointed to the position of Minister of Finance in 1893. He was appointed Minister of Finance during the reign of Alexander III to help Russia's struggling economy. Witte was a very influential Minister of Finance achieving the ultimate goal of putting Russia on the gold standard in 1897.1 This was one of the main reasons as to why this document was written in 1899, because Russia could now implement radical economic policies due to the foreign investment it received because it had the gold standard. Witte was an admirer of Western European style economies, and did not approve of Russia's policy of exporting raw materials and importing finished goods. By halting the policy of exporting raw materials and importing finished goods, Witte believed that this would be a fundamental factor in the...
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