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Leendert Pieter de Neufville

1729-1797BankerEurope · 1729Most named place: Amsterdam
Banker

Leendert Pieter de Neufville was a Dutch banker in Amsterdam.

During the Seven Years' War he implemented a financial innovation the so-called "wisselruiterij". After the outbreak of peace in 1763 he could no longer meet his obligations and he went bankrupt. This also brought other banks into trouble, resulting in a confidence crisis. The banks didn't want to give each other credit anymore. Spreading from Amsterdam an international banking crisis ensued, which extended to Germany and Scandinavia.