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
History of the Russian Revolution Tariq Ali wrote about book thatThis passionate, partisan and beautifully written account by a major participant in the revolution, written during his exile on the isle of Prinkipo in Turkey, remains one of the best accounts of 1917. No counter-revolutionary, conservative or liberal, has been able to compete with this telling. On centenary of Russian revolution; a 1,200-page translation of Leon Trotsky’s classic work has been published into Urdu language by Tabqati Jeddo Jehed group. It is the first time that the book has been translated to any South Asian language. This translation has been done by Imran Kamyana. All