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History and Economy of Russia. C/Maj Weisman MSG/CC. History Overview. Ancient Russia Mongol Russia Romanovian Russia Napoleonic Russia Revolutionary Russia Soviet Russia Modern Day Russia. Ancient Russia. Many different migrating peoples from different kingdoms

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History and economy of russia

History and Economy of Russia

C/Maj Weisman


History overview
History Overview

  • Ancient Russia

  • Mongol Russia

  • Romanovian Russia

  • Napoleonic Russia

  • Revolutionary Russia

  • Soviet Russia

  • Modern Day Russia

Ancient russia
Ancient Russia

  • Many different migrating peoples from different kingdoms

  • In 862 the Varangian leader Rurik led his people east across the Baltic Sea to modern day Russia and the city of Novgorod where he ruled

  • Started a long line of succession as the kingdom increased in size and adopted Eastern Orthodox as religion

  • In 1147 small town of Moscow established

Mongol russia
Mongol Russia

  • Rule ended by invasion of Mongols in 1237 by Batu Khan

  • Very little happened in the next century

  • Moscow gained strength and overthrew Tartars under Ivan the Great

  • Ivan’s grandson, Ivan the Terrible, finally pulled together the country through domination and subjugation

  • At the beginning his reign was good, but got worse as he aged and his temper worsened

  • After Ivan the Terrible’s death there was no clear ruler for 8 years until the Romanov's came to power

  • Romanov's ruled for the next 304 years

Romanovian russia
Romanovian Russia

  • Peter the Great and Ivan shared power after their father’s death

  • Ivan eventually died and Peter took over

  • Peter modernized Russia to be more like western Europe, shaving off beards of men in his court, changing clothing rules, and increasing industrialization, and militarization

  • Peter’s son disagreed with him and fled to Vienna, however he later returned and was tried for treason and died from torture

  • Peter disliked Moscow and had the city of St. Petersburg built and made the new capital

  • Peter Ruled until 1725

  • Later Catherine the Great came to power and reinstituted Peter the Greats policies of westernization and centralizing the government

  • She ruled until 1796 and shortly thereafter Alexander I came to power

Napoleonic russia
Napoleonic Russia

  • Napoleon attempted to get Alexander I to surrender by invading Russia

  • Alexander I had his troops retreat slowly and destroy all homes and supplies as they retreated

  • Eventually their armies met 70 miles outside Moscow with no clear victor

  • Alexander I then had Moscow evacuated and all supplies destroyed

  • Napoleon seized Moscow only to find it devoid of people and supplies, and later that night the city caught fire

  • This left the French without supplies and shelter in the middle of winter, which lead to their fall

Revolutionary russia
Revolutionary Russia

  • Since the reign of Ivan the Terrible, the Russian Tsars had followed a fairly consistent policy of drawing more political power away from the nobility and into their own hands

  • By the time of Catherine the Great, the Russian Tsars enjoyed virtually autocratic rule over their nobles

  • However, they basically purchased this power by granting nobles virtually autocratic power over the serfs, who by this time had been reduced to a state closer to slavery than to peasantry

  • After several more Tsars and World War I the climate had reached a boil and Russia went into revolution

  • Many different groups started uprising and each struggled for power for 3 years until the Bolsheviks emerged on top

Soviet russia
Soviet Russia

  • Lenin was the first ruler and instituted a new economic policy (NEP) including elements of a free market to help with post war problems

  • Lenin ruled until 1924 when he was succeeded by Joseph Stalin who consolidated the state’s control over all aspects of Russia

  • Stalin waged many brutal campaigns to quell dissention

  • Russia allied with Allies in WWII but afterwards viewed them as an enemy

  • After WWII cold war started between Russia and the west over concerns that western economics and values were flawed

  • USSR finally collapsed in 1991 after economic collapse

Modern day russia
Modern Day Russia

  • Struggling to become a democracy but held back by many economic problems, political corruption, and social inequality

  • Many were dependent on the USSR support network but now must find a way to support themselves without many jobs and high inflation

  • Population decline due to poor healthcare and poverty, it’s estimated Russia’s population will fall to 110 million by 2050

Economy overview
Economy Overview

  • Economy at a Glance

  • Economy from the end of the USSR to present

  • Russia and US economic relations

  • Economic Graphs

Russian economy
Russian Economy

  • Russian economy underwent huge economic decline following collapse of USSR and soviet social net

  • “Economic Shock Therapy” instituted by Gorbachev which lead to a policy of glasnost, or openness within the media and arts, and perestroika

  • Perestroika (meaning economic reconstruction), was an economic policy of reduced subsidies to industry, allowing companies to go bankrupt, accepting unemployment and foreign investment, and restructuring the banking system

  • In 2006, Russia signed a bilateral market access agreement with the US as a prelude to possible WTO entry

  • Russia ended 2007 with its ninth straight year of growth, averaging 7% annually since the financial crisis of 1998.

  • Soaring oil prices have led to Russia being able to pay off much of it’s debt but Russia still lags behind many G8 countries


  • History of Russia from ancient Russia to present

  • Soviet economic policies

  • Current Russian economy

  • US-Russian economic relations

  • Questions