Value of grain exports
Vyshnegradskii set out to increase the value of Russia’s grain exports at a time when prices were plummeting on the world grain market. With amazing efficiency, he increased exports by a third and instituted the highest tariff in Europe to reduce imports. By 1890, Alexander’s Finance Minister had turned the small budget deficit he had inherited into a massive surplus.
In the war's dark shadow. Bruce Lincoln.
It seems strange to me how can you increase the value (meaning the profit?) of exporting grain in large quantities when the price of grain was alreay plummeting? Could you please explain this? Thanks.
Top answer
Vladv Could you please explain this? T It meant the total value. For example, suppose the price dropped 20%, but they increased the exports by 33%.
- Vladv Could you please explain this?
- T It meant the total value.
- For example, suppose the price dropped 20%, but they increased the exports by 33%.
- They also received money from higher tariffs.
- The total value to the government went up.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
VladvCould you please explain this? T
It meant the total value.
For example, suppose the price dropped 20%, but they increased the exports by 33%. They also received money from higher tariffs. The total value to the government went up.
0
Related Questions