Sergei Witte

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Sergei Witte
Sergei Witte

Politican


In office
November 1905 – May 1906
Monarch Nicholas II
Preceded by New post
Succeeded by Ivan Goremykin


Finance Minister of Russia: 1892-1903

Born June 29, 1849(1849-06-29)
Died March 13, 1915 (aged 65)

Count Sergei Yulyevich Witte (Russian: Сергей Юльевич Витте, Sergey Yul'evich Vitte) (June 29, 1849March 13, 1915), also known as Sergius Witte, was a highly influential policy-maker who presided over extensive industrialization within the Russian Empire. He was also the author of the October Manifesto of 1905, a precursor to Russia's first constitution, and Chairman of the Council of Ministers (Prime Minister) of the Russian Empire.

Witte's family from his father's side was Russified Lutheran Dutch and his mother's side Russian nobility. Sergei Witte's maternal grandfather was Andrei Mikhailovich Fadeyev, a Governor of Saratov and Privy Councillor of the Caucasus, his grandmother was Princess Helene Dolgoruki, and the mystic Madame Blavatsky was his first cousin. His father was Julius Witte, his mother was Catherine Fadeyev. He was born in Tiflis and raised in the Caucasus region of Russia, in the house of his mother's parents. He graduated from Novorossiysk University in Odessa with a degree in mathematics. He then spent the greater part of the 1870s and 1880s involved in private enterprises, particularly the administration and management of various railroad lines in Russia.

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[edit] Impact on Russian economics

Witte served as Russian Director of Railway Affairs within the Finance Ministry from 18891891, Transportation Minister (1892), where he pursued an ambitious program of railway construction and oversaw the building of the Trans-Siberian Railway.

He was appointed Russian Finance Minister in 1892, a position he held until 1903. During his tenure as Finance Minister the nation saw unprecedented economic growth. Witte strongly encouraged foreign capital to invest in Russia, and to do so he put Russia on the gold standard in 1897. Witte encouraged the growth of Russian industry, as a result the industrial sector of the economy expanded rapidly, especially the metals, petroleum, and transportation sectors. To improve the economy and to attract foreign investors Witte also advocated curbing the powers of the Russian autocracy.

Witte was transferred to the position of chairman of the Committee of Ministers in 1903, a position he held until 1905. In an attempt to keep up the modernization of the Russian economy Witte called and oversaw the Special Conference on the Needs of the Rural Industry. This conference was to provide recommendations for future reforms and the data to justify those reforms. Despite these efforts the lot of the peasants slowly declined and unrest increased in the peasant population.

Sculpture of Witte by Paolo Troubetzkoy, 1901
Sculpture of Witte by Paolo Troubetzkoy, 1901

[edit] Impact on Russian politics

Witte returned to the forefront in 1905, however, when he was called upon by the Tsar to negotiate an end to the Russo-Japanese War. He was sent as the Russian Emperor's plenipotentiary and titled "his Secretary of State and President of the Committee of Ministers of the Emperor of Russia" along with Baron Roman Rosen, Master of the Imperial Court of Russia[1] to the United States, where the peace talks were being held. Witte negotiated brilliantly on Russia's behalf. Despite losing dramatically on the battlefield, Russia lost very little in the final settlement.

After this success Witte was brought back into the governmental decision-making process to help deal with the civil unrest following the war and Bloody Sunday. He was appointed Chairman of the Council of Ministers, the equivalent of Prime Minister, in 1905. During the Russian Revolution of 1905, Witte advocated for the creation of an elected parliament, the formation of a constitutional monarchy, and the establishment of a Bill of Rights through the October Manifesto. Many of his reforms were put into place, but they failed to end the unrest. This, and overwhelming victories by left-wing political parties in Russia's first elected parliament, the State Duma, forced Witte to resign as Chairman of the Council of Ministers.

Witte continued in Russian politics as a member of the State Council but never again obtained an administrative role in the government. Just prior to the outbreak of World War I he urged that Russia stay out of the conflict. His warning that Europe faced calamity if Russia became involved went unheeded, and he died shortly thereafter.

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Preceded by
Ivan Vyshnegradskiy
Finance Minister
18921903
Succeeded by
Eduard Pleske
Preceded by
Ivan Durnovo
Chairman of the Committee of Ministers
19031905
Succeeded by
Post Replaced
Preceded by
New Post
Prime Minister of Russia
6 November 19055 May 1906
Succeeded by
Ivan Goremykin