Tag Archive | sweden

Bibliography: Swedish 7YW Debt

All of a sudden the 7YW is popular.

Winton, Patrik. “Sweden and the Seven Years War, 1757–1762: War, Debt and Politics,” War in History. (2012).

Sweden commenced military operations against Prussia in 1757, following Austria’s and France’s efforts to include Sweden in the anti-Prussian alliance. Swedish politicians hoped that the coalition would lead to a quick victory without having to get too involved in the fighting, but that Sweden still would be rewarded for its support. Swedish military action was thus primarily designed to show the allies that Sweden participated in the war. Despite the low intensity warfare that characterized the fighting, the war was still extremely expensive. The Swedish state used mostly internal borrowing to finance the war, which led to negative economic and political consequences such as inflation and popular discontent. By participating in the war, the Swedish state sought to strengthen its commercial situation worldwide while preserving its military position in the Baltic region.