Danish state bankruptcy of 1813

The Danish state bankruptcy of 1813 was a domestic economic crisis that began in January 1813 and had consequential effects until 1818. As Denmark 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.

Danish state bankruptcy of 1813

The Danish state bankruptcy of 1813 was a domestic economic crisis that began in January 1813 and had consequential effects until 1818. As Denmark 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.