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- to conclude agreements, trade agreements in
particular;
- to be engaged in craft or trade;
- to purchase personal and estate property,
inherit it by law.
Peasants became free but remained to the
“lowest” section of society. Landlords had to
supply peasants with small plots of land for
money. Till the repurchase agreement,
peasants were considered temporarily obliged
and had to work to pay quitrent. The term of
repurchase agreement ended in 1881. It was
presupposed that the government would
compensate 80% of the land cost to landlords
in the form of bonds. Peasants were supposed
to pay that sum back to the government with
interest during 49 years (till the year of 1907
peasants paid more than 1.5 bln. karbovantsy;
the sum exceeded the land cost greatly). The
rest of the land cost peasants were to pay to
the landlord by means of money or labour.
94% of peasant families got tiny plots of land
(up to 5 dessiatinas). But, nevertheless, the
reforms of 1861 created conditions for
capitalism development in Russia.
March, 10, T. Shevchenko’s death. He was in
1861 Smolenkoye cemetery in Petersburg. On
March, 22 in 1861 his body was brought to
Ukraine and reburied on Chernecha hill in
Kaniv.
1862 The financial reform
1. The governance of money economy was
centralized in the hands of ministry of

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