Episode 1 of 1
Declaration of State Bankruptcy
- When
- 5 January 1813
- Where
- Copenhagen, Denmark
Denmark-Norway declared bankruptcy on 5 January 1813 due to the consequences of the Napoleonic Wars and severe currency devaluation.
The crisis began in January 1813. The government lost faith in the currency, with taxes payable in kind. The excessive issue of banknotes had destroyed the value of silver, necessitating a formal declaration of bankruptcy to address the economic hardship.
Sources
- Danish state bankruptcy of 1813 Wikipedia, revision of 2026-06-22
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.