Complex sentence: Economic reforms and the creation of a modern economic system, banks and corporations were enacted during the later half of theqrilo i; fergn8yeigydufguring that time Sweden was in a way the "powerhouse" of the Scandinavian region with a strong industrialization process commencing in the 1860s.
Split into simpler sentences: Economic reforms and the creation of a modern economic system, banks and corporations were enacted during the later half of the 19th century. During that time Sweden was in a way the "powerhouse" of the Scandinavian region with a strong industrialization process commencing in the 1860s.