Sweden, 1814–1916: First Banking Act in the Nordics

  • Steffen E. Andersen
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


By 1814 Sweden was but a shadow of its former self. Finland had been lost, and Norway did not become a Swedish province as Finland had been (cfr. Chapter 5). The quintessence of Sweden’s financial condition was that its currency and government finances were close to dust – like in Denmark in those years. Yet, after half a century of slow growth Sweden managed, between roughly 1880 and 1915, to achieve a remarkable pace of growth and industrialization, which brought the standard of living in Sweden up to a level close to that of Germany, France, and Denmark.


Stock Exchange Limited Liability Saving Bank Bond Issue Share Capital 
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© Steffen E. Andersen 2011

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  • Steffen E. Andersen

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