Bulat Nazirovich Latypov,
Master of History, State Autonomous Institution of Republic of Bashkortostan Scientific Publishing Complex “Bashkir Encyclopedia”, Ufa, Russia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The Development of Private Mining Factories in Ufa Province in the Context of the Economic Crisis at the Beginning of the 20th Century
DOI: 10.31518/2618-9100-2021-5-5
The article is devoted to a relatively little-studied aspect of the history of privately owned mining plants of the Ufa province during the economic crisis of 1900–1903. The economic indicators of the Avzyan-Petrovsk, Kaginsk, Katav-Ivano, Lemezinsk, Uzyansk, Ust’-Katavsk and Yuryuzan’-Ivanovsk plants are presented. The role of the owner of the Katav-Ivanovsk, Ust’‑Katavsk and Yuryuzan’-Ivanovsk plants of Prince K.E. Belosel’skiy-Belozerskiy, whose plants continued to operate at the expense of subsidies allocated by the State Bank of the Russian Empire, is emphasized. In this study, an attempt is made to reveal the economic situation of privately owned mining plants of the Ufa province during of the economic crisis of 1900–1903. The dependence of iron smelting at privately owned mining plants on the economic crisis of the early 20th century has been revealed. The influence of special measures of the government and banks on this industry is shown. In the conditions of the economic crisis, the process of corporatization of the mining industry accelerated. As a result of the economic crisis, work was stopped at the Avzyan-Petrovsk and Lemezinsk plants, and the Uzyansk plant was closed. The reduction in effective demand of the population and investments led to a decline in production at mining plants, increased underutilization of production capacities and unemployment. The government has softened the economic crisis in industry with financial instruments. Indicators of financial and economic activity of mining plants clearly demonstrate the state of the plants at the beginning of the 20th century.
Publishing: 28/10/2021
The article has been received by the editor on 15/03/2021
How to cite: Latypov B.N. The Development of Private Mining Factories in Ufa Province in the Context of the Economic Crisis at the Beginning of the 20th Century // Historical Courier, 2021, No. 5 (19), pp. 55–63. [Available online: http://istkurier.ru/data/2021/ISTKURIER-2021-5-05.pdf]
Links: Issue 5 2021
Keywords: private mining factories; state bank of the Russian empire; capital; percent; metallurgical society; Ufa province; cast iron; economic crisis