Because they were becoming dependent from the north transporting goods
Chat with our AI personalities
Growth of industry requires investments.
The movement of the headquarters of the Russian Empire to St. Petersburg allowed that city to become a forward capital. This led to economic and strategic growth of the city.
To finance the build up of Russian industries, the government sought foreign investors and raised taxes.
This process resulted in birth of towns/cities; the appearance of the townspeole, the development of industry, the end of feudalism.
Sea power led to Colonization, led to profits...Profits of early Triangular Trade...helpedfinance Industrialization...Banking practices (lending/Credit) allowed further investment and growth of economy...
Reasons for growth were improvements in agriculture and the revival of trade.