Repudiation of debt at the Russian Revolution II, the last Emperor of Russia, was forced to sign his abdication and the end of the Russian Imperial Government and of the Romanov dynasty. The new government decided to continue the war, which meant more military spending. To increase budget revenues, a state monopoly was introduced on the sales of sugar, tea, matches, tobacco, and other consumer products. Still, the printing press remained the main source of revenues. This was a period of hyperinflation. The Provisional government was overthrown on October 24, 1917, and the Soviet government was created. The amounts of payments in default were enormous. Russian debt
1905 Russian Revolution monarchy. The revolutionaries were quelled and satisfied with the reforms, but it was not enough to prevent the 1917 revolution that would later topple the Tsar's regime. There had been earlier attempts in establishing a Russian Duma before the October Manifesto, but these attempts faced dogged resistance. One attempt in July 1905, called the Bulygin Duma, tried to reduce the assembly into a consultative body. It also proposed limiting voting rights to those with a higher property qualification, excluding industrial workers. Both sides- the opposition and the conservatives- were not pleased with the results. Another attempt in August 1905 was