What was characteristic of the development of the post-reform industry? (1861 g)

The characteristic features in the development of Russian industry in the post-reform period include:

very cheap labor due to the migration to the cities of the mass of liberated peasants who were unable to manage the economy and are looking for other earnings for their existence
foreign investment
development of trade in connection with the creation of railway networks
government support with protectionist policies
the emergence of commercial banks lending to the development of enterprises and equipment
mastering new technologies in the military, mining, metallurgical industries
growth of entrepreneurship.
The result was a rapid rise in Russian industry during this period.



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