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
100th Anniversary of the Xinhai Revolution and Republic of China 100th Anniversary of the Xinhai Revolution and Republic of China The 100th anniversary of the founding of the Republic of China began on 10 October 2011 on the 100th anniversary of the Xinhai Revolution. It was celebrated in Taiwan and mainland China, but the connotation and significance of the celebration varied by region. On 10 October 1911, the Wuchang Uprising was launched as part of the Xinhai Revolution to overthrow the Manchu Qing, the last imperial dynasty in China. This ended over 2,000 years of monarchy. Since the establishment of the Republic of China in 1912, the revolution has been