Title Bankers and Bolsheviks : international finance and the Russian Revolution / Hassan Malik

Published Princeton, NJ : Princeton University Press, 2018

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Description 1 online resource Series Princeton scholarship online Princeton scholarship online Contents Introduction -- Fault lines -- The loan that saved Russia? -- The interrevolutionary recovery and rally -- Investing in the revolution -- Revolutionary default Summary Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age. Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a historical approach, drawing on banking and government archives in four countries. The book provides rare insights into the thinking of influential figures in world finance as they sought to navigate one of the most challenging and lucrative markets of the first modern age of globalization. Bankers and Bolsheviks reveals how a complex web of factors-from government interventions to competitive dynamics and cultural influences-drove a large inflow of capital during this tumultuous period in world history. This gripping book demonstrates how the realms of finance and politics-of bankers and Bolsheviks-grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions Analysis 1905 Revolution 1906 loan 1918 Bolshevik default Bolshevik Revolution Bolshevik coup Bolshevik ideology Bolsheviks First World War Panic of 1907 Russian Empire Russian Government Loan of 1906 Russian Revolution Russian debt Russian economy Russian financial system Russian government Russian investment Russian markets Russian railroad construction Sergei Witte Trans-Siberian Railway Western investment boom armaments buildup bankers banking boom bust cultural influence debt default default domestic debt markets domestic tensions economic crisis foreign bankers foreign capital markets foreign investors geopolitics government intervention international capital flows interrevolutionary rally investment investor decision making loans patriotism political instability political tensions sovereign default state-led industrialization strategic errors violence Bibliography Includes bibliographical references (pages 275-283) and index Notes Online resource; title from PDF file page (EBSCO, viewed September 5, 2018) Subject Finance -- Soviet Union BUSINESS & ECONOMICS -- Economics -- General. BUSINESS & ECONOMICS -- Reference. BUSINESS & ECONOMICS -- Banks & Banking. Economic history Finance International economic relations SUBJECT Soviet Union -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85125722 Soviet Union -- Foreign economic relations Soviet Union -- History -- Revolution, 1917-1921. http://id.loc.gov/authorities/subjects/sh85125808 Subject Soviet Union Genre/Form History Form Electronic book ISBN 9780691185002 069118500X

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