Background:
Finland was a province and then a grand duchy under Sweden from the
12th to the 19th centuries and an autonomous grand duchy of Russia
after 1809. It finally won its complete independence in 1917. During
World War II, it was able to successfully defend its freedom and
resist invasions by the Soviet Union - albeit with some loss of
territory. In the subsequent half century, the Finns made a
remarkable transformation from a farm/forest economy to a
diversified modern industrial economy; per capita income is now on
par with Western Europe. As a member of the European Union, Finland
was the only Nordic state to join the euro system at its initiation
in January 1999.