Mikhail von Reutern

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Mikhail von Reutern
Reikhtern MH.jpg
Finance Minister of Imperial Russia
In office
23 January 1862 7 July 1878
Monarch Alexander II
Chairman of the Committee of Ministers
In office
1881–1887
Monarch Alexander III
Preceded by Pyotr Aleksandrovich Valuyev
Succeeded by Nikolai Bunge
Personal details
BornMikhail Khristoforovich von Reutern
(1820-09-24)24 September 1820
Porechye, Russian Empire
Died(1890-08-23)23 August 1890 (aged 69)
Tsarskoye Selo, Russian Empire
Nationality Russian

Michael Graf von Reutern, also known as Mikhail Khristoforovich, was an Imperial Russian finance minister.

Contents

Family

He came from Baltic German nobility. His parents were Christopher Adam von Reutern (1782–1833) and his wife Caroline (Lina) of Helffreich (1789–1869).

Nobility privileged social class

Nobility is a social class normally ranked immediately under royalty and found in some societies that have a formal aristocracy. Nobility possesses more acknowledged privileges and higher social status than most other classes in society. The privileges associated with nobility may constitute substantial advantages over or relative to non-nobles, or may be largely honorary, and vary by country and era. As referred to in the Medieval chivalric motto "noblesse oblige", nobles can also carry a lifelong duty to uphold various social responsibilities, such as honorable behavior, customary service, or leadership positions. Membership in the nobility, including rights and responsibilities, is typically hereditary.

Life

He was appointed finance minister under the liberal reformist Alexander II and introduced a system of public accounting. Reutern’s period in office was also marked by the promotion of private credit institutions and attempts to stabilise the ruble. He succeeded in reforming tax and customs laws, namely by abolishing the spirits lease and the introduction of a brandy - Excise tax. Government revenues rose significantly, the chronic budget deficit was removed in 1867 and surpluses were achieved from 1873. On trade policy Reutern pragmatically supported reducing some tariffs and duties on manufacturing goods in 1863 and 1868. The Russian-Turkish war reversed parts of Reutern's success, and he resigned in 1878.

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References

https://oeconomia.revues.org/559 http://bse.sci-lib.com/article096289.html