Swedish Prelude

Marten Gerbertus Buist
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Marten Gerbertus Buist: Rijksuniversiteit te Groningen

Chapter Chapter Two in At Spes non Fracta, 1974, pp 73-92 from Springer

Abstract: Abstract Sweden lost its position of power in the Baltic at the beginning of the 18th century. When in 1687 Charles XII, then fifteen years of age, succeeded his father, Saxony, Poland, Denmark and Russia considered the moment ripe to deprive Sweden of the areas on the other side of the Baltic Sea which it had conquered during the 17th century. In the early stages of the Great Northern War which ensued, the Swedish king achieved major successes, but eventually the sheer expanse of Russia and the superiority of the armies of Czar Peter proved too much for the limited Swedish forces. At the Peace of Nystad, in 1721, the Baltic states and, with them, the hegemony in the Baltic region passed into the hands of Russia, and from then on Russian influence became a permanent feature there. In the 18th century this unpredictable and expansive country was to exert ever-increasing pressure on its neighbours.

Keywords: Swedish Government; Paper Money; Foreign Loan; Principal Debenture; Promissory Note (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-011-8858-6_2

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DOI: 10.1007/978-94-011-8858-6_2

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