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
Russian Bishop's House funding cuts in the wake of the Russian Revolution in 1917. The seat of the Russian diocese was relocated the San Francisco in 1872, and the Bishop's House was repurposed to provide housing quarters for priests. Its first floor also served as an inn for a time. In 1903 a bishop was once again assigned to a district with its seat at Sitka. For most of the 20th century, the upper floors house a chapel and the quarters of the bishop, while the ground floor was used in a variety of ways. In the 1920s it housed a printing operation