Formation features of the land market in the Central Industrial Region and the Central Chernozem Region from the 1860’s to the 1890’s

Abstract

After the Emancipation Reform of 1861 preconditions of the land market development had come about as restrictions on inter-caste land redistribution had been removed by and by. The article is dedicated to the features of the land market in the Central Chernozem Region and the Central Industrial Region from the 1860‟s to the 1890‟s. Due to the land trading statistics an analysis of the formation of the land market of each province of mentioned regions was undertaken. The analysis captures the period between 1863 and 1892. It is based on land prices. Land prices trends in five year periods were considered in the whole European Russia and in two Central provinces privately. Depending on the level of land prices, provinces of each region were divided into two groups – 1) provinces with high land prices, and 2) provinces with low ones. Main indicators of each group were identified: such as amount of transactions in land, land prices, amount of sold dessiatinas. Average land prices and amount of land allocated to one deal were distinguished by calculating. This data revealed the impact of the land prices on development features of provincial land markets in two Central regions.