Economy
The territories of the Russian Partition saw very moderate economic growth over time. No business activity could take place without bribing the Tsarist officials first. Much of the output of the Polish Partition was exported to Russia proper, especially after the border between Congress Poland and Russia was abolished in 1851. The emancipation reform of 1861 was a major step towards industrialization and urbanization. Particularly, the last three or four decades before World War I saw significant economic development and urbanization. However, in many areas of the economy, development stalled.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)