• Finland, previously under Swedish control, is ceded to Russia after they invade. The Finns retain a great deal of autonomy, including their own legal system.

  • Russian Tsar Nicholas II institutes a policy of Russification aimed at limiting Finland's political autonomy and cultural uniqueness.

  • The Russian Revolution allows Finland to declare its independence.

  • The Soviet Red Army invades Finland, resulting in the signing of an armistice agreement in which Finland concedes land to the Soviet Union and agrees to pay hundreds of millions of dollars in war reparations.

  • Finland completes payment of war reparations.
  • Finland becomes a member of the Nordic Council, which is established to further the mutual interests of Scandinavian countries.
  • Finland signs trade agreements with the European Economic Community and Council for Mutual Economic Assistance (COMECON).

  • The collapse of the Soviet Union, along with changes in Finnish banking laws, causes one of the worst economic crises in Finland's history. During the recession, GDP decreases 13% and unemployment rises to nearly 20%.
  • Finland becomes a member of the European Union.

  • The euro replaces the Finnish mark.


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