Sweden during the Industrial Revolution

Douglas Fisher
Additional contact information
Douglas Fisher: North Carolina State University

Chapter 6 in The Industrial Revolution, 1992, pp 190-223 from Palgrave Macmillan

Abstract: Abstract Among the major European countries that are important in the industrial revolution, Sweden stands out as a particularly clear example of a country with a special role to play. Long before the industrial revolution, Sweden had a distinguished record as a European political power — even possessing a Baltic ‘empire’ in the 17th and early 18th centuries — and a solid economic base, based on the agricultural and extractive sectors of the economy, but it appears to have missed much of the first industrial revolution (to 1850), at least in the traditional product lines. Indeed, it has been claimed (Sandberg, 1979, p. 225) that Sweden was actually ‘impoverished but sophisticated’ in 1850, after as many as 150 years of a relative economic decline (meaning that it had a growth rate that was significantly lower than the European average). By ‘sophisticated’ Sandberg means that Sweden ‘had a strikingly large stock of human and institutional capital’ compared with the rest of Europe (p. 225).

Keywords: Financial Development; Money Supply; Industrial Revolution; Real Income; Income Elasticity (search for similar items in EconPapers)
Date: 1992
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13445-8_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349134458

DOI: 10.1007/978-1-349-13445-8_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().