 By 1721 Sweden's reign as a great power was over, and Russia now dominated the north.The war-weary Swedish parliament, the Riksdag, asserted new powers and reduced the crown to a constitutional monarch, with power held by a civilian government controlled by the Riksdag, albeit by 1772 Gustav III had imposed an absolute monarchy, and by 1788 Sweden and Russia would again be at war in the Russo–Swedish War (1788–1790).But before the war, the so-called new "Age of Freedom" (1719-1772) opened, and the Swedish economy was rebuilt.