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
Imperial Crown of Russia Imperial Crown of Russia The Imperial Crown of Russia, also known as the Great Imperial Crown, was used by the monarchs of Russia from 1762 until the monarchy's abolition in 1917. The Great Imperial Crown was first used in a coronation by Catherine II, and it was last used at the coronation of Nicholas II. It survived the subsequent revolution and is currently on display in the Moscow Kremlin Armoury's State Diamond Fund. By 1613, when Michael Romanov, the first Tsar of the Romanov Dynasty was crowned, the Russian regalia included a pectoral cross, a golden chain, a barmas (wide