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
July Monarchy July Monarchy The July Monarchy () was a liberal constitutional monarchy in France under Louis Philippe I, starting with the July Revolution of 1830 and ending with the Revolution of 1848. It marks the end of the Bourbon Restoration (1814–30). It began with the overthrow of the conservative government of Charles X, the last king of the House of Bourbon. Louis Philippe, a member of the more liberal Orléans branch of the House of Bourbon, proclaimed himself as "Roi des Français" ("King of the French") rather than "King of France", emphasizing the popular origins of his reign. The king promised