Running head: POLITICAL AND ECONOMIC TURMOIL LEADING TO DEPRESSION 1 Political and Economic Turmoil Leading to Depression Yinfan Li B00699999 Political and Economic Turmoil Leading to Depression Yinfan Li B00699999 Dalhousie University Jonathan Simms Econ 2239 2019/1/23 Political and economic turmoil leading to depression Economic, political and social growth in a country depends on various factors that are often interconnected and consequently related. Political stability is one of the most important aspects that determine the success and growth of any country across the world. However, when this vital item is lacking, countries are often thrown into turmoil and the state of confusion with activities dwindling as a result. Countries across Europe experienced different levels of political and economic woes before, during and after the 19th century. This paper, therefore, intends to offer a comprehensive analysis of various political and economic turmoil in different European countries that lead to the great depression. Economies of Norway, Sweden and Denmark took and other European countries diversified direction since the 1980’s. These economic changes influenced the political status of the Scandinavia countries leading to depression. For instance, despite a small population of Sweden, its economy is quite important and significant as a test on the general economic system of Europe at large (Eichengreen & Temin, 2000). The private sector had a higher percentage in terms of production while the government only controlled fifty percent. Industrialization was one of the major economic events which led to the transformation of the Scandinavian countries politically and economically. Industrialization in Sweden was positively influenced during the First World War. This was due to the construction of the railway which linked northern Sweden and the southern. Due to its mining-based economy, specialized metals industry was developed which majored in the production of metal-based manufactured products. In Denmark, industrialization began by around 1890s though it was confined to Copenhagen after which other small towns began to grow rapidly. Denmark maintained its position as an agricultural based country until the 20th century where modern methods in production and processing were brought on board. This resulted in majoring in the processing of dairy and meat as opposed to exporting raw agricultural products to other countries (Eichengreen & Temin, 2000). Use of new technologies and innovations in producing dairy machinery, turbines and electric motors greatly facilitated the process of production. As a result of this economic event, the country became more independent hence politically stable. There was increased better living conditions and even consumerism as there were ready-made goods and mass production. Denmark, Norway, and Sweden together formed Scandinavism movement which acted as a politic.