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During the Middle Ages a number of important institutions were established in Aalborg, including Budolfi Cathedral in the late 14th century and the Hospital of the Holy Ghost, a monastery and nunnery founded in 1451 to help those in need.
In 1530 a large part of the town was destroyed by fire, and in December 1534 it was stormed and plundered by the king's troops after a peasants' revolt known as the Count's Feud led by Skipper Clement. From the 1550s to the 1640s, as a result of increased foreign trade, Aalborg enjoyed great prosperity, second only to that of Copenhagen.
The privileges were extended by Eric of Pomerania in 1430 and by Christopher of Bavaria in 1441.
During the second half of the 18th century, Aalborg entered a further period of prosperity.The first mention of Aalborg under its original name Alabu or Alabur is found on coins from c.1040, the period when King Harthacnut (Hardeknud) settled in the area. 1075, Adam of Bremen reported that Alaburg, as he called it in German, was an important harbour for ships sailing to Norway.A major exporter of grain, cement, and spirits, its thriving business interests include Siemens Wind Power, Aalborg Industries, and Aalborg Portland.These companies have become global producers of wind turbine rotors, marine boilers and cement.