Industrialization of Sweden | Wikipedia audio article
Channel: wikipedia tts
Date: 03/01/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Industrialization_of_Sweden


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00:02:38 See also



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SUMMARY
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The industrialization of Sweden began during the second half of the 19th century. By the end of the century, the first multinational companies based on advanced technology had emerged.
During the early phase of World War I, in which Sweden remained neutral, the country benefited from increasing demand. However, with the German submarine war, Sweden was cut off from its markets, which led to a severe economic downturn. Between the world wars, major Swedish exports were steel, ball-bearings, wood pulp, and matches. Prosperity following World War II provided the foundations for the social welfare policies characteristic of modern Sweden.
Foreign policy concerns in the 1930s centered on Soviet and German expansionism, which stimulated abortive efforts at Nordic defence co-operation.