History of Russia deficit required borrowing, primarily from Amsterdam; five percent of the budget was allocated to debt payments. Paper money was issued to pay for expensive wars, thus causing inflation. For its spending, Russia obtained a large and glorious army, a very large and complex bureaucracy, and a splendid court that rivaled Paris and London. However, the government was living far beyond its means, and 18th-century Russia remained "a poor, backward, overwhelmingly agricultural, and illiterate country." Peter I was succeeded by his second wife, Catherine I (1725–1727), who was merely a figurehead for a powerful group of high officials, then by his
Nicholas I of Russia also the father to Count Constantin Kleinmichel, Countess Catherine d'Andrini (1849–1937), Natalia Wodimova (1819–1876), and Alexei Pashkine (17 April 1831 – 20 June 1863), although these children are only speculated to be his by historians. Nicholas I of Russia Nicholas I (; – ) was the Emperor of Russia from 1825 until 1855. He was also the King of Poland and Grand Duke of Finland. He is best known as a political conservative whose reign was marked by geographical expansion, repression of dissent, economic stagnation, poor administrative policies, a corrupt bureaucracy, and frequent wars that culminated in Russia's defeat in