"To achieve a level of economic independence that safeguards our political sovereignty, Russia must construct its own industrial base. We remain, in relation to the West, in a state similar to that of a colony, exporting raw materials and importing finished goods. Without state-supported development of metallurgy, railways, and manufacturing, funded in part by foreign loans and protected by high tariffs, we will inevitably succumb to the economic domination of more advanced industrial nations."
— Sergei Witte, Russian Minister of Finance, secret memorandum to Tsar Nicholas II, 1899
Based on the passage, which of the following best explains how the industrialization process advocated by Witte differed from the historical process of industrialization in Great Britain?
- British industrialization relied primarily on private capital and spontaneous market forces, whereas Russian industrialization was initiated and guided directly by state authority.Answer
- BBritish industrialization was guided by state-mandated Marxist principles of collective ownership, whereas Russian industrialization rejected government involvement in economic planning.
- CBritish industrialization was centered on the chemical and electrical technologies of the Second Industrial Revolution, whereas Russia focused entirely on the coal and textile technologies of the First Industrial Revolution.
- DBritish industrialization was funded through mercantilist monopolies that established direct political rule over its European trading partners, whereas Russia relied on free-trade agreements.