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
1917 Russian Constituent Assembly election 1917 Russian Constituent Assembly election Elections to the All-Russian Constituent Assembly were held on 25 November 1917 (although some districts had polling on alternate days), around 2 months after they were originally meant to occur, having been organized as a result of events in the Russian Revolution of 1917. They are generally recognised to be the first free elections in Russian history. Various academic studies have given alternative results. However, all clearly indicate that the Bolsheviks were clear winners in the urban centres, and also took around two-thirds of the votes of soldiers on the Western Front. Nevertheless, the SRs