IDEAS home Printed from
   My bibliography  Save this article

Private Business and Revolution (on the Economic Reasons of the Events of February 1917 in Russia)
[Частный Бизнес И Революция (К Вопросу Об Экономических Причинах Февраля 1917 Года В России)]


  • Bessolitsyn, Alexander A. (Бессолицын, Александр)

    (Russian Presidential Academy of National Economy and Public Administration, The Institute of Russian History of the Russian Academy of Sciences (IRH RAS))


The purpose of this article is to analyze the results of work of private joint-stock companies during the industry restructuring during the First World War and the influence of this process on the economic condition of Russia on the eve of the February revolution of 1917. At the turn of the 20th century, joint-stock companies succeed among other forms of business set-up, mostly because of their organizational, legal and economic features. The process of industrialization in Russia increased the importance of these companies, which were capable of making large investments in such capital-intensive branches as banking, extraction of new types of natural resources (coal mining, oil extraction etc.), and creation of innovative industries. An overview of the condition of joint-stock companies during the First World War and on the eve of the February revolution is presented by the issue “Joint-Stock Companies in Russia According to the Official Data of the Ministry of Trade and Industry and the Ministry of Finance”. It was the only reference book in Russia which contained systematized data about the joint-stock companies active in Russia. The reference book was printed annually as of 1912; the latest issue is dated 1917. As a result of the analysis, the author makes a conclusion that in spite of the difficulties associated with the transfer of the county’s economy to war regime, generally, the work of joint-stock companies was successful up to February 1917 inclusive; at that it is applicable not only to those firms which received military orders from the state, but also those which worked on a free market. The evidence of this is the growth of the main capital and payment of per cent on dividends, which, starting from 1915, demonstrated a stable tendency for growth.

Suggested Citation

  • Bessolitsyn, Alexander A. (Бессолицын, Александр), 2018. "Private Business and Revolution (on the Economic Reasons of the Events of February 1917 in Russia)
    [Частный Бизнес И Революция (К Вопросу Об Экономических Причинах Февраля 1917 Года В России)]
    ," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 234-251, February.
  • Handle: RePEc:rnp:ecopol:ep1809

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Markevich, Andrei & Harrison, Mark, 2011. "Great War, Civil War, and Recovery: Russia's National Income, 1913 to 1928," The Journal of Economic History, Cambridge University Press, vol. 71(03), pages 672-703, September.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Joint-stock companies; First World War; military orders; dividend; main capital; military-industrial committees.;

    JEL classification:

    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
    • N6 - Economic History - - Manufacturing and Construction
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1809. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.