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
Overthrow of the Roman monarchy Overthrow of the Roman monarchy The overthrow of the Roman monarchy, a political revolution in ancient Rome, took place around 509 BC and resulted in the expulsion of the last king of Rome, Lucius Tarquinius Superbus, and the establishment of the Roman Republic. The semi-legendary Roman histories tell that while the king was away on campaign, his son Sextus Tarquinius raped a noblewoman, Lucretia. Afterwards she revealed the offence to various Roman noblemen, and then committed suicide. The Roman noblemen, led by Lucius Junius Brutus, obtained the support of the Roman aristocracy and the people to expel the king and