Trade
During the 18th century the economic model introduced the previous century was further developed, and Stockholm became the vital centre of trade as governmental departments related to trade were located there: (1) The Mines Authority (Bergskollegium), an independent, public authority founded in 1630 and dissolved in 1857 when replaced by the National Board of Trade (Kommerskollegium). (2) The "Manufacture Office" (Manufakturkontoret), department of the Riksdag of the Estates who gave economic support. i.e. loans and bounties, to manufacturers for the advancement of Swedish trade. The intention with these institutions was to substitute import of expensive goods, such as high-quality textiles, with a domestic production - thus effectively limiting import to raw materials not possible to produce in Sweden, and to keep import of items produced by Swedish manufactures out by means of customs, while promoting import of raw materials needed by the manufactures with bounties and other relieves. Factories were built that could produce goods at a larger scale than traditional handicraft, for example large-scale farming to produce wool of high quality. To this end, rural areas in Sweden (including Finland) were divided into "spinning districts", each of which was controlled by a monopoly often held by a manufacture in Stockholm. During the later part of the 18th century, annually, approximately 6.000 households on the Swedish countryside were busy spinning wool for these manufactures. During the period, Sweden was the dominant producer of top-quality iron and Stockholm remained the most important transit point for iron trade with bar iron from Bergslagen being delivered to the international market by the wealthy wholesalers at Skeppsbron.
Read more about this topic: Stockholm During The Age Of Liberty
Famous quotes containing the word trade:
“The very hirelings of the press, whose trade it is to buoy up the spirits of the people ... have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.”
—William Cobbett (1762–1835)
“My own experience has been that the tools I need for my trade are paper, tobacco, food, and a little whisky.”
—William Faulkner (1897–1962)
“...to many a mother’s heart has come the disappointment of a loss of power, a limitation of influence when early manhood takes the boy from the home, or when even before that time, in school, or where he touches the great world and begins to be bewildered with its controversies, trade and economics and politics make their imprint even while his lips are dewy with his mother’s kiss.”
—J. Ellen Foster (1840–1910)