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
Cinema of the Russian Empire Russian animated film (and the first stop motion puppet film with a story) in 1910 - "Lucanus Cervus". He continued making animated films (some of which can now be bought on DVD) until his emigration to France following the 1917 October Revolution. He was decorated by the Tsar for his work in 1911. Competition from French, American, German, Danish, British and Italian companies, distributing their country's wares to the eager Russians, developed, but the indigenous industry made such strides over the next five years that 129 fully Russian films - even if many of them were comparatively short - were