Question

Describe the russian society and the economy in 1914.​

Answer 1

In 1914 85 per cent of the population were still peasants. ... Economic growth rates averaged 9 per cent from 1894–1900 and 5 per cent from 1900–1914. These were huge rates of change. Industrial growth was centred on armaments because Tsar Nicholas II wanted to protect Russia's position as a great power.  1914 Russian steel production equaled that of France and Austria-Hungary, and Russia's economic growth rate was one of the highest in the world. Although external debt was very high, it was declining as a percentage of the gross national product, and the empire's overall trade balance was favorable.

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