The Danish state bankruptcy of 1813 occurs

Когда

5 янв. 1813 г.

Вид

Событие

Координаты

56.26° N, 9.50° E

Description

The Danish state bankruptcy of 1813 occurs.

Место: coordinates of the event it links, Danish state bankruptcy of 1813.

Economic crisis after the Napoleonic Wars

The Danish state bankruptcy of 1813 was a domestic economic crisis that began in January 1813 and had consequential effects until 1818. As Denmark–Norway struggled with the financial burden that the Napoleonic Wars had on the economy, the devaluation of the currency had negative effects on merchants, citizens and businesses alike.

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