Georg von Cancrin was finance minister during the reign of Alexander I and Nicholas I from 1823 to 1844-th year.In 1829 he was awarded the title of count.
Economic Views figure realized in measures to strengthen the financial system, which has made Kankrin.The monetary reform, which he held, was a major public-political event.It will strengthen the country's financial system.
As you know, there are different types of monetary reforms.Among them, the transition from one financial product to another, and the replacement of depreciated and defective coins, and the formation of a new system of finance.All these changes can eliminate the negative phenomena in the monetary sphere of the country.For long-term maintenance of the status at the appropriate level should take certain measures.
Kankrin merit was to improve the system of state and financial reporting, the introduction of strict control over expenditure item, the exact implementation of customs policy.Through the activities of the Minister of greatly improved financial position of Russia as a whole.Also, it raises the value of the ruble.Increase revenue items Kankrin sought by raising taxes, both direct and indirect.Equally important in this case was given to the restoration of drinking leases.Currency reform made it possible to achieve a balanced Kankrin state budget.Minister introduced and the protective tariff.
monetary reform Kankrin lasted four years (from 1839 to 1843 th th).Financial reforms in this period had a significant impact on the events in Russia in the future.Currency reform Kankrin contributed to the implementation of the main goal of the Minister - to strengthen the country's financial sector, as well as the elimination of the budget deficit.
Preparing for change, the Minister of Finance has studied the work of Speransky.After some amendments, additions and comments Kankrin published a new 'Note on the monetary circulation. "
first of July 1839 year was issued a manifesto.With his proclamation began monetary reform Kankrin.Solid credit was introduced ruble.It equated to one ruble silver.It was established, and the ratio of banknotes for silver.It was 3.5 to 1.
Conversion Minister of Finance does not only mean the exchange of banknotes, as this would only reduce the amount of money in three and a half times.The key to the reform was to give money Kankrin actual strength by providing them with the exchange.For these purposes, the fund was established, which is replenished in buying gold and silver coins, precious bullion.
Kankrin as the monetary unit chosen silver.This was due to several reasons.Firstly, most of the European countries adhered to the double units.Furthermore, in handling time immemorial it has been used in Russian not gold and silver, despite the fact that there was more gold mines.
next stage of financial reform Kankrin was the release of the special credit cards.They take treatment on a par with silver coins.The final stage of monetary reform became Kankrin exchange for bank notes of all bills.This process was launched in September 1843.
As shown, the cash conversion Kankrin paid off completely.Financial system has strengthened significantly.
Besides money, the minister held a guild and reform.These changes contributed to the expansion and strengthening of foreign trade relations.Trade reform was aimed at strengthening Russian business forms.These changes have significantly expanded the rights of the urban middle-level merchants.In addition, Kankrin achieved income from small peasant trade.
