Nikolay Bunge

Nikolai Christianovich Bunge (Russian Николай Христианович Бунге, German: .. .. Nikolai Karl Paul Bunge; * 11 Novemberjul / November 23 1823greg in Kiev; † 3 Junijul / June 15 1895greg in Sarskoje Selo ) was a Russian Finance Minister.

Nikolai Bunge was the son of veterinarian Christian Gottlieb Bunge (* 1776 in Kiev, † 1857) and the grandson of George Frederick Bunge.

Bunge was a professor at the University of Kiev 1859-1880 and their dean. He was a supporter of moderate liberalism, of private property and free enterprise ( he thought it necessary to limit state intervention in the economy ), and a critic of the socialist and communist doctrines. In 1867 he helped found the Kharkov Commercial Bank ( Харьковский торговый банк ) and the Kiev private commercial bank ( Киевский частный коммерческий банк ), which came under his nephew Fli ( e) ge 1876 in the crisis.

The crisis in 1873, Russia had been hard hit and military spending during the Russo -Turkish war 1877-1878 led government finances in chaos.

In 1880 he was appointed as Deputy Minister of Finance to Saint Petersburg, was born on May 6, 1881 General Manager of Finance and Minister of Finance in 1881 under Alexander III .. He continued to work in the direction taken by Michael of Reutern direction. In order to modernize the Russian economy, undertook a series of reforms. He consolidated the banking system of the empire and founded in 1883 the peasant agrarian bank to help farmers to acquire land. This enabled the development of new territory in southern Siberia or Central Asia by a new class of large and medium farmers, the kulaks. However, this was accompanied by the exodus of many farmers who do not own land enough or none possessed. The poll tax was abolished and introduced the inheritance tax. He protektionierte Russian industry, promoted the construction of railroads and founded the first Russian labor law.

Under pressure from Conservative MPs, the inability to compensate him, the budget deficit accused, he resigned in 1887. He was succeeded by Ivan Alexeyevich Vyshnegradsky.

1887-1895 he was Chairman of the Committee of Ministers. From 1890 he was full academician of Political Economy and Public Finance.