The Last of the Tsars The Last of the Tsars The Last of the Tsars is a play by Michael Bawtree. The action takes place in Russia between 1912 and 1919, and follows the fortunes of the Romanov family and of Russia in the tumultuous years leading up to the Revolution of 1917, and beyond, to the assassination of the Romanov family by the Bolsheviks. The story is told through the eyes of Tsar Nicholas's brother Grand Duke Michael, who had been exiled from Russia by the Tsar in 1912 when he married a divorcee. Michael was called back to Russia at the outbreak of
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.