Economic Impact of World War I on Russia
The economic impact of World War I on Russia was severe and far-reaching. Government spending skyrocketed from 4 million to 30 million roubles between 1914-1917, with the war costing 13.6 billion roubles by 1917. To meet these demands, the government resorted to printing more money, leading to significant inflation.
Highlight: The cost of living increased by 300%, rendering the rouble nearly worthless.
While wages doubled between 1914-1916, the prices of food and fuel quadrupled, causing widespread economic hardship. The railway system collapsed, with 575 stations unable to handle freight by 1916. This economic strain led to labor unrest, with 30,000 workers striking in Moscow and 145,000 in Petrograd by January 1917.
Example: By 1916, Moscow and Petrograd received only 1/4 to 1/5 of their required food supplies, as peasants began hoarding grain.
The social upheaval during the Russian February Revolution was exacerbated by these economic conditions. Mass mobilization for the war effort disrupted society, with 14 million people conscripted, primarily from the peasantry and working classes. This led to labor shortages and further economic strain.
Vocabulary: Conscription - The compulsory enlistment of people for military service.