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Articles with tag "gold-standard"
The Purchasing Power of the Tsarist Ruble: Myths and Reality
One of the common myths is the idea of the extremely high purchasing power of the pre-revolutionary ruble. This myth, actively promoted since the late 1980s, is based on recalculating the ruble's value through its gold content.
history-of-things
#tsarist-ruble#purchasing-power#economic-history+6
The Gold Standard of the Russian Empire: From Witte's Reform to World War I
From January 3, 1897, the Russian Empire, following most countries in the world except Mexico and China, introduced the gold standard, placing the ruble on a gold basis. Although gold coins had circulated in Russia before, they traditionally served more as a means of saving rather than payment.
history-of-things
#gold-standard#witte-reform#russian-empire+6