Monetary Romanticism, Currency and Central Banks in the Nineteenth Century: The Case of Denmark and the Duchies

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Abstract

How do monetary institutions, such as currencies and central banks, interrelate to the construction of national communities? Using the national conflict between the Danish state and the Duchies of Schleswig-Holstein in the nineteenth century as an exemplary case, this article demonstrates how both banks and currencies were mobilized as political symbols to promote an agenda of regional nationalism. In the article I show how the local Schleswig-Holstein currency and the local Schleswig-Holsteinische Landsbank became symbolic antagonists to the Danish central bank and the official state-sanctioned currency – which by Danish politicians were considers key elements in the attempt to consolidate the Danish nation-state. The article highlights the symbolic qualities of monetary institutions and offers an example of the interrelation between currencies, banks and nations. Through an empirical analysis of the national and monetary disputes in mid nineteenths century Denmark this article contributes to our understanding of money and banks as state-building tools and symbols of national community.
Original languageEnglish
Publication date2012
Number of pages34
Publication statusPublished - 2012
EventThe 16th Annual European Business History Association (EBHA) Conference/ 1st Joint Conference with BHSJ (Business History Society of Japan): Business Enterprises and the Tensions Between Local and Global - Paris, France
Duration: 30 Aug 20121 Sep 2012
Conference number: 16
http://ebha-bhsj-paris.sciencesconf.org/

Conference

ConferenceThe 16th Annual European Business History Association (EBHA) Conference/ 1st Joint Conference with BHSJ (Business History Society of Japan)
Number16
CountryFrance
CityParis
Period30/08/201201/09/2012
Internet address

Bibliographical note

Alternative title: The French Opportunity - A Local Danish Construction Company Working for the Germans in France, 1940-44. Design and Construction of German Submarine Bunkers in Bordeaux, Saint-Nazaire and La Rochelle

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