Molde is a medium-sized town on the shores of the Romsdalsfjord. The municipality is surrounded by numerous fjords and mountains, characteristic of the Romsdal Peninsula where it is located. Molde emerged from an old herring and timber trading settlement in the late Middle Ages. The town experienced progressive growth during the 18th and 19th centuries thanks to the textile industry. In the 19th century, the town became an important tourist destination for the upper classes. Emperor Wilhelm II of Germany and the Prince of Wales were among the illustrious visitors who strolled its streets and stayed in its bucolic hotels. The town suffered two devastating fires in 1916 and 1940, in which a large number of buildings burned. During World War II, Molde became the capital of the country after King Haakon fled from Oslo. Norway's gold reserves were also moved to Molde and hidden in a clothing factory. Furthermore, it was bombed by the German occupation forces in April 1940 for several consecutive nights. After the war, Molde experienced rapid growth. Today, its economy is dominated by sectors such as agriculture, fishing, industrial production, and tourism. It is also the second largest city in the county of Møre and Romsdal. Every year, one of Norway's most important jazz festivals is held there. This event attracts numerous national and international visitors. Known as Norway's "city of roses," this festival is known for its cultivation and decorative use throughout the city.