What was the name of the 1763 financial crisis that began after the collapse of Amsterdam merchant bank Neufville?

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The 1763 Amsterdam banking crisis began after the collapse of the Amsterdam merchant bank De Neufville. The failure followed financial stress connected with the end of the Seven Years’ War and spread through European credit markets.

De Neufville was heavily involved in bills of exchange, a key instrument for transferring credit between merchants and cities. When confidence weakened, counterparties demanded payment and the network of acceptances became difficult to settle. Amsterdam’s importance as a financial center meant that problems there quickly affected Hamburg, Berlin, and other commercial markets.

The crisis is sometimes overlooked because it predates modern stock exchanges and central banking systems. It is nevertheless important in financial history: it demonstrated how interconnected short-term credit markets could transmit a local bank failure internationally, even before industrial-era stock-market crashes.

Source: Wikipedia · fact-checked Oct. 2026

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