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> They basically had a fishing industry and that's it.

While it certainly wasn't a rich nation in the first half of the 1900s, Norway in 1938 was actually the world's 4th biggest shipping nation, and owned 7% of the world's tonnage[1]. The forest industry was also significant (pretty interesting historical overview at [2]).

[1] https://en.wikipedia.org/wiki/Nortraship#Norwegian_merchant_...

[2] https://eh.net/encyclopedia/the-economic-history-of-norway/




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