"Alexander II's attempt to modernise Russia and compete with Western Europe were frustrated by the lack of foreign investment. Not until after his death did french money begin to pour into Russia."

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“Alexander II’s attempt to modernise Russia and compete with Western Europe were frustrated by the lack of foreign investment.  Not until after his death did french money begin to pour into Russia.”

(Pierre Delgrange from his memoirs published in 1913, a French banker who spent many years in Russia)

  Using my own knowledge I believe the above statement to be partially true.  I have looked at evidence that supports the statement and criticises it.  Though first we must asses how valid is the interpretation made by Pierre Delgrange.

  After looking at the source there are a number of reasons why it is and isn’t valid.  Firstly seeing as Pierre Delgrange was a banker he should have known a lot about finance, he would have been an expert in his field.   Being in his position he would have been a clever and intelligent man.  Therefore he might have had some idea about the financial goings on in Russia.  During the reign of Alexander II, Delgrange was an observer in Russia.  He would have seen the events happening from a neutral point of view.  Being French there would be no reason for him to be bias.   He was in one way an eyewitness because he saw what was happening in the country. So his memoirs should be classed as a primary source.   As well as all of this he would more than likely have met Russian officials in his line of work, he would have been a very important man.  Being a banker he might have socialised with those in positions of power and wealth.  

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  Although his judgement is interesting it would still be valuable to consult an historians view of Alexander’s II reign.  An historians view would be able to provide a better perspective of the reign, it would be a more informed opinion. After all Delgrange was only a banker.   We also do not know if Delgrange kept a diary during his time in Russia, or that his memoirs were detailed.  He might have written his memoirs from memory and he might have forgotten certain information.  So in that respect we are clueless about how and when he wrote the memoirs.

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