The Last of the Tsars the First World War, where he served in the Russian Army. When Tsar Nicholas abdicated in March 1917, he did so in favour of Grand Duke Michael, who himself abdicated some 48 hours later. So Michael was in fact 'the last of the Tsars.' The play was commissioned by the Stratford Festival, Stratford, Ontario, Canada, in the spring of 1966, after another play on the same subject, "Nicholas Romanov" by William Kinsolving, had been tried out by the Stratford Festival Company at the Manitoba Theatre Centre in February, 1966, and found insufficiently dramatic. In spite of the shared general theme,
Repudiation of debt at the Russian Revolution not nearly as generously as the descendants of French bond buyers hoped. Repudiation of debt at the Russian Revolution In February 1918, after the Russian Revolution, the repudiation of the debt by the Soviet government shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of foreign investment in Russia. The revolutionary Russia completely fell out of the world economy and sealed itself up in isolation, which would not be disturbed until the need to fight with others nations arose during the Second World War.