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ECONOMICAL CONJUNCTURES IN SWEDEN.
503
great markets of the world often bears upon the most remote regions
of the globe. Alongside these great waves of influence, however, there
are often smaller ones, due to purely local causes, that sometimes
heighten, sometimes diminish or altogether counteract those from the
world at large. Some idea of such vicissitudes, arisen in the history
of Sweden’s economical life during the past generation, may be
obtained from Table 56, containing certain characteristic data concerning
this matter, culled from different sections.
The period 1866/70 was, on the whole, a particularly unfavourable
one for Sweden, as will be seen from the Table opposite. The cause
was, however, principally of local nature, viz. the wretched harvests
of 1866, 1867, and 1868. This has proved, as a matter of fact, to be
the last time that internal causes of that nature have appeared as
determining factors in our economical life. Since that period the
condition of things here has been, almost without exception, fully in
touch with that in the world at large.
The earlier seventies have been acknowledged everywhere to have
constituted a period of unparalleled economical prosperity, and that is
true of our own country in as high a degree as of any, and here, indeed,
the reaction tarried in setting in as long as until 1878. The period
1879/87, again, was very generally, with but few breaks, one of economical
weakness, and things were not, as a rule, much better between 1888 and
1893. Swedish agriculture especially, as that of Europe generally,
experienced bad times throughout the period 1879/93. Since the latter
date, things have improved in this respect, but previous to that time an
era of grand development had set in for Swedish mechanical industry
owing to internal causes, and this era is coinciding since 1894 with
the general economic expansion that has made itself so palpably felt
in Europe during the years 1895/1900. One result of this condition
of things, is the great diminution in the number of emigrants during
Table 57. Assessed value of real property in Sweden. Million Kronor.
In i Total value of real property. Owned by Real property in private banda. Real property belonging to the State.
Landed. Other. Total. Private persons. The State. [-Communities.!-] {+Commu- nities.!+} Landed. Other. Landed. Other.
1862..... 1,844 470 2,314 2,247 31 36 1,827 420 17 14
1870...... 1,691 597 2,288 2,165 46 77 1,666 499 25 21
! 1876...... 1,931 850 2,781 2.614 62 105 1,898 716 33 29
11879»... 2,209 1,052 3,261 3,011 124 126 2,142 869 67 57
! 1884...... 2,322 1,363 3,685 3,378 151 156 2,241 1,137 81 70
1887...... 2,239 1,533 3,772 3,439 158 175 2,159 1,280 80 78
11900 ..... 2,494 2,536 5,030 4,502 253 275 2,355 2,147 139 114 I
I 1902...... 2,498 2,757 5,255 4,698 261 296 2,358 2,340 140 121 |
1 Communities, Institutions, etc. The real property included here is »11 of it consi-
dered as »other real property» (than landed). — 11 See the text on page 506.
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