Saturday, May 28, 2011

fixed silver-only std downfall for czarist russia?

fixed silver-only std downfall for czarist russia?

Russia was the last place expected to have a revolution.

It was supposed to be in one of the most developed industrial nations, not the least developed one, Russia.

One of the more developed countries, the US, was on fixed gold and silver standard between 1786 and 1900.

Russia was on a fixed SILVER-ONLY standard between 1810 and 1897.

Russia fought in The Crimean War, between 1853 and 1856, versus the Ottoman Empire, Great Britain, France, and Sardinia.

This war ended the dominant role of Russia in southeastern Europe.

Russia sold Alaska to the US in 1867.

Then silver had a big drop in value in 1886.

Russia got on a fixed gold standard in 1897.

The US got on a fixed gold standard in 1900.

Russia, the US and most other European industrial nations got off a fixed gold standard in 1914.

World War I started in 1914.

Russia got into the war in 1914.

US got into the war in 1917.

The revolution in Russia also happened in 1917.

Was the floating gold and silver standard adopted by most western industrial nations, beginning in 1914, a factor in World War I and the Russia's revolution?

Was Russia's 19th century fixed silver standard a factor in World War I and its revolution?


http://buygoldansilverlong.blogspot.com/2011/05/marx-expected-developed-country-to.html

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