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Incorporation and Financial Modernization

In: The Swedish Financial Revolution

Author

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  • Oskar Broberg

Abstract

In the late nineteenth and early twentieth century, Sweden experienced a period of rapid industrialization and its economic growth was among the highest in the world. At the same time, the institution of private property underwent an important change as joint-stock companies became the dominant form of economic organization. As Figure 8.1 shows incorporation gained momentum in the late 1890s and the period up until 1920 can be characterized as the breakthrough for the joint-stock company. This chapter explores the Swedish incorporation process and its consequences for the modernization of the financial system.1

Suggested Citation

  • Oskar Broberg, 2010. "Incorporation and Financial Modernization," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Anders Ögren (ed.), The Swedish Financial Revolution, chapter 8, pages 128-144, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-29723-4_8
    DOI: 10.1057/9780230297234_8
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