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Economic History Of Sweden
The economic history of Sweden, since the Iron Age, has been characterized by extensive foreign trade based on a small number of export and import commodities, often derived from the widely available raw materials iron ore and wood. An industrial expansion in the latter half of the 19th century transformed the society on many levels. Natural-resource-rich regions benefited from the First Industrial Revolution. A growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. It fostered a broad export-oriented engineering industry with companies such as LM Ericsson, Asea, Alfa Laval, Aga, Electrolux, SKF and Volvo reaching well established positions on the global market and becoming drivers of GDP growth. In addition to engineering, the pulp and paper, steel, and chemical industries developed to reach international prominence. By the 1970s, Sweden had become one of the wealthiest nations of the world. The growth slowed down du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles XII Of Sweden
Charles XII, sometimes Carl XII () or Carolus Rex (17 June 1682 – 30 November 1718 Old Style and New Style dates, O.S.), was King of Sweden from 1697 to 1718. He belonged to the House of Palatinate-Zweibrücken, a branch line of the House of Wittelsbach. Charles was the only surviving son of Charles XI of Sweden, Charles XI and Ulrika Eleonora the Elder. He assumed power, after a seven-month caretaker government, at the age of fifteen. In 1700, a triple alliance of Denmark–Norway, Electorate of Saxony, Saxony–Polish–Lithuanian Commonwealth, Poland–Lithuania and Tsardom of Russia, Russia launched a threefold attack on the Swedish protectorate of Holstein-Gottorp and provinces of Swedish Livonia, Livonia and Swedish Ingria, Ingria, aiming to take advantage of the Swedish Empire being unaligned and ruled by a young and inexperienced king, thus initiating the Great Northern War. Leading the Swedish army against the alliance, Charles won multiple victories despite being si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Agricultural Revolution
The British Agricultural Revolution, or Second Agricultural Revolution, was an unprecedented increase in agricultural production in Britain arising from increases in labor and land productivity between the mid-17th and late 19th centuries. Agricultural output grew faster than the population over the hundred-year period ending in 1770, and thereafter productivity remained among the highest in the world. This increase in the food supply contributed to the rapid growth of population in England and Wales, from 5.5 million in 1700 to over 9 million by 1801, though domestic production gave way increasingly to food imports in the 19th century as the population almost quadrupled to over 35 million. Using 1700 as a base year (=100), agricultural output per agricultural worker in Britain steadily increased from about 50 in 1500, to around 65 in 1550, to 90 in 1600, to over 100 by 1650, to over 150 by 1750, rapidly increasing to over 250 by 1850.Broadberry et al 2008, p. 52, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold Economic liberalism, economically liberal positions, while economic nationalist political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. States can unilaterally reduce regulations and duties on imports and exports, as well as form bilateral and multilateral free trade agreements. Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or Subsidy, subsidies to exports. Governments may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercantilism
Mercantilism is a economic nationalism, nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for unilateralism, one-sided trade. The concept aims to reduce a possible current account (balance of payments), current account deficit or reach a current account surplus, and it includes measures aimed at accumulating foreign-exchange reserves, monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies may have contributed to war and motivated colonialism, colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting and bolstering state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive (government)
The executive branch is the part of government which executes or enforces the law. Function The scope of executive power varies greatly depending on the political context in which it emerges, and it can change over time in a given country. In democratic countries, the executive often exercises broad influence over national politics, though limitations are often applied to the executive. In political systems based on the separation of powers, government authority is distributed between several branches to prevent power from being concentrated in the hands of a single person or group. To achieve this, each branch is subject to checks by the other two; in general, the role of the legislature is to pass laws, which are then enforced by the executive, and interpreted by the judiciary. The executive can also be the source of certain types of law or law-derived rules, such as a decree or executive order. In those that use fusion of powers, typically parliamentary systems, such as th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation). Further purposes of a monetary policy may be to contribute to economic stability or to maintain predictable exchange rates with other currencies. Today most central banks in developed countries conduct their monetary policy within an inflation targeting framework, whereas the monetary policies of most developing countries' central banks target some kind of a fixed exchange rate system. A third monetary policy strategy, targeting the money supply, was widely followed during the 1980s, but has diminished in popularity since then, though it is still the official strategy in a number of emerging economies. The tools of monetary policy vary from central bank to central bank, depending on the country's stage of development, inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrialisation
Industrialisation ( UK) or industrialization ( US) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing. Industrialisation is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialisation increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganisation of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live together in one hous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gustav III Of Sweden
Gustav III (29 March 1792), also called ''Gustavus III'', was King of Sweden from 1771 until his assassination in 1792. He was the eldest son of King Adolf Frederick and Queen Louisa Ulrika of Sweden. Gustav was a vocal opponent of what he saw as the abuse of political privileges seized by the nobility since the death of King Charles XII in the Great Northern War. Seizing power from the government in a coup d'état, called the Swedish Revolution, in 1772, that ended the Age of Liberty, he initiated a campaign to restore a measure of royal autocracy. This was completed by the Union and Security Act of 1789, which swept away most of the powers exercised by the Swedish Riksdag of the estates during the Age of Liberty, but at the same time it opened up the government for all citizens, thereby breaking the privileges of the nobility. A believer in enlightened absolutism, Gustav spent considerable public funds on cultural ventures, which were controversial among his critics, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-coup
A self-coup, also called an autocoup () or coup from the top, is a form of coup d'état in which a political leader, having come to power through legal means, stays in power illegally through the actions of themselves or their supporters. The leader may dissolve or render powerless the national legislature and unlawfully assume extraordinary powers. Other measures may include annulling the constitution, suspending civil courts, and having the head of government assume dictatorial powers. From 1946 to the beginning of 2021, an estimated 148 self-coup attempts took place, 110 in autocracies and 38 in democracies. List of self-coups * : President Louis-Napoléon Bonaparte ( December 2, 1851) * : President Juan Lindolfo Cuestas (February 10, 1898) * : Chancellor Engelbert Dollfuss ( March 15, 1933) * : Chancellor Adolf Hitler ( March 23, 1933 / August 2, 1934) * : President Gabriel Terra (March 31, 1933) * : Prime Minister in duties of the State Elder Konstantin Päts ( M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
