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
Union of the Russian People supported the Russian Revolution of 1905. The Union was dissolved in 1917 in the wake of the Revolution, and its leader, Alexander Dubrovin placed under arrest. Some modern academic researchers view the Union of Russian People as an early example of fascism. The Union was the leading exponent of antisemitism in the wake of the 1905 Revolution. It has been described as 'an early Russian version of the Fascist movement', as it was anti-socialist, anti-liberal, and 'above all anti-Semitic'. The Union of the Russian People called for the 'restoration of the popular autocracy', a concept they believed had existed before