Every country has three main factors; military, politics, and economy. The stability of these three factors lead to a stable government. In the case of the Russian government the economy crashed and when it crashed so did the country. Every country receives a make-over when they enter a depression and Russia was no different. The only difference between the American Great Depression and the depression in Russia during and after World War One was that the Russian depression spawned a revolution. And the depression in Russia that led to the February Revolution started because of the inflationary spiral. (1)
An inflationary spiral is a constant increase in costs and prices until the economy simply collapses from the tension. The Russian government during WW1 started to print more money. (1) This money had no substantial backing which means it had less value and that meant the value of the Russian currency decrease. (3) As the value of currency decreases costs for products increases because the value of the products is stable. This then means that wages for workers lower because products are more expensive and producers have less money to pay their workers. (3) Farmers found it was harder to make food to sell because it cost a lot of money to travel to cities to sell their food and no one would be able to afford the food, they then only produced food for themselves. (3) With no money begin spent within the country soon ground Russia into to a halt.
The people in the cities who were starving and the farmers who were making no money and the soldiers who were dying all wanted a change and a fast change. (1) The inflationary spiral is the reason for the collapse within the government in February.
Thursday, October 29, 2009
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