At the end of the 18th century major agricultural reforms took place that entailed decisive structural changes. However, the Napoleonic Wars caused Copenhagen to lose its status as an international centre of finance and trade. Politically, mercantilism was gradually replaced by liberal thoughts among the ruling elite. Following a monetary reform after the Napoleonic wars, the present Danish central bank Danmarks Nationalbank was founded in 1818.
At the end of the 18th century major agricultural reforms took place that entailed decisive structural changes. However, the Napoleonic Wars caused Copenhagen to lose its status as an international centre of finance and trade Politically, mercantilism was gradually replaced by liberal thoughts among the ruling elite. Following a monetary reform after the .Napoleonic wars, the present Danish central bank Danmarks Nationalbank was founded in 1818.