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Auctioning as a financial instrument. Alternative strategies in overcoming economic hardship in Malmö, 1840-1870.

Abbas, Jaser LU (2014) EKHM53 20141
Department of Economic History
Abstract
The impact of economic hardship has been proven to be a substantial factor in how people lived their lives in the 19th century Sweden. Equally the second-hand market has in recent studies been shown to have been a substantial part of the 19th century economy. The second-hand market consisting of market institutions such as peddler merchants, pawnshops and auctions were central to how people bought and sold goods in the 19th century Sweden. Although, little light has been shed on what people during the pre-industrializing Sweden did to overcome economic hardship. This master thesis aims to investigate how economic hardship affected people into auctioning in the period 1840-1870 in Malmö. Furthermore, this master thesis suggest that auctions... (More)
The impact of economic hardship has been proven to be a substantial factor in how people lived their lives in the 19th century Sweden. Equally the second-hand market has in recent studies been shown to have been a substantial part of the 19th century economy. The second-hand market consisting of market institutions such as peddler merchants, pawnshops and auctions were central to how people bought and sold goods in the 19th century Sweden. Although, little light has been shed on what people during the pre-industrializing Sweden did to overcome economic hardship. This master thesis aims to investigate how economic hardship affected people into auctioning in the period 1840-1870 in Malmö. Furthermore, this master thesis suggest that auctions were an alternative strategy in overcoming short-term economic stress. Using auction protocols from Malmö City Auction House, with 6993 auctions in total and a total selling amount of just above 4.5 million riksdaler, along with data covering grain-production and prices. This research has shown results suggesting that auctions were used as a financial instrument in times of hardship throughout the 19th century Malmö by the broad spectra of socioeconomic group, and also that there were substantial differences in how different socioeconomic groups auctioned. These differences were also fueled by their relation to the agricultural sector, and whether the specific socioeconomic group were net producers or consumers. (Less)
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author
Abbas, Jaser LU
supervisor
organization
course
EKHM53 20141
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Auctions, Second-hand market, Short-term economic stress, 19th century Scania.
language
English
id
4500554
date added to LUP
2014-07-10 14:38:19
date last changed
2014-07-10 14:38:19
@misc{4500554,
  abstract     = {The impact of economic hardship has been proven to be a substantial factor in how people lived their lives in the 19th century Sweden. Equally the second-hand market has in recent studies been shown to have been a substantial part of the 19th century economy. The second-hand market consisting of market institutions such as peddler merchants, pawnshops and auctions were central to how people bought and sold goods in the 19th century Sweden. Although, little light has been shed on what people during the pre-industrializing Sweden did to overcome economic hardship. This master thesis aims to investigate how economic hardship affected people into auctioning in the period 1840-1870 in Malmö. Furthermore, this master thesis suggest that auctions were an alternative strategy in overcoming short-term economic stress. Using auction protocols from Malmö City Auction House, with 6993 auctions in total and a total selling amount of just above 4.5 million riksdaler, along with data covering grain-production and prices. This research has shown results suggesting that auctions were used as a financial instrument in times of hardship throughout the 19th century Malmö by the broad spectra of socioeconomic group, and also that there were substantial differences in how different socioeconomic groups auctioned. These differences were also fueled by their relation to the agricultural sector, and whether the specific socioeconomic group were net producers or consumers.},
  author       = {Abbas, Jaser},
  keyword      = {Auctions,Second-hand market,Short-term economic stress,19th century Scania.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Auctioning as a financial instrument. Alternative strategies in overcoming economic hardship in Malmö, 1840-1870.},
  year         = {2014},
}