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
History of the Russian Revolution expression of his ideas on revolution." Trotsky himself says "The history of a revolution, like every other history, ought first of all to tell what happened and how. That however is, little enough. From the very telling it ought to become clear why it happened thus and not otherwise." In his note about the author in the first English translation, Eastman wrote that "this present work [...] will take its place in the record of Trotsky's life [...] as one of the supreme achievements of this versatile and powerful mind and will".In 2017, on centenary of Russian Revolution famous writer