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7 - Tupik (Dead end), 1914–1917

Published online by Cambridge University Press:  22 September 2009

Thomas C. Owen
Affiliation:
Louisiana State University
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Summary

Merchants and industrialists know that business can be done only when firm foundations of social life exist, when there is confidence in the future, and when firm laws [tverdyi zakon] reign, not arbitrariness. Under the old regime, the most prominent representatives of the commercial-industrial class were opponents of the tsarist system because that system exemplified, above all, the rule of arbitrariness and coercion, the lack of legality and of rational control over the expenditure of state resources, and hindrances to personal initiative and independent action; for freedom is the foremost condition of the development of industry.

– Petrograd Commercial-Industrial Union (1917)

The enormous strains of the war appear to have exerted two rather different effects on tsarist corporate policy. On the one hand, the government eagerly dismantled German and Austrian corporations in the Russian Empire, sometimes to the detriment of the war effort. On the other hand, some officials, notably Minister of Trade and Industry Vsevolod N. Shakhovskoi, endeavored to relax prewar restrictions on corporations so as to facilitate wartime production. However, close examination of his efforts reveals them to have been ineffectual. When the tsarist regime collapsed in February 1917, its corporate law consisted of a confused tangle of inconsistent regulations, including “temporary” statutes that had remained in effect for decades.

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Chapter
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The Corporation under Russian Law, 1800–1917
A Study in Tsarist Economic Policy
, pp. 181 - 197
Publisher: Cambridge University Press
Print publication year: 1991

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  • Tupik (Dead end), 1914–1917
  • Thomas C. Owen, Louisiana State University
  • Book: The Corporation under Russian Law, 1800–1917
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528934.009
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  • Tupik (Dead end), 1914–1917
  • Thomas C. Owen, Louisiana State University
  • Book: The Corporation under Russian Law, 1800–1917
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528934.009
Available formats
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Save book to Google Drive

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  • Tupik (Dead end), 1914–1917
  • Thomas C. Owen, Louisiana State University
  • Book: The Corporation under Russian Law, 1800–1917
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528934.009
Available formats
×