Foreign Policy and Business Diplomacy (Denmark)

The Danish government succeeded in maintaining neutrality and thus sparing the country from the most devastating consequences of the war. Denmark spent considerable effort in maintaining good relations with both Germany and Great Britain, its most important trading partners, while being careful not to incur the wrath of either side. Danish businessmen benefitted immensely from the increased prices that accompanied supply problems as the war drew on, earning the nickname “goulash barons” because of the tinned food (of questionably quality) which was exported to Germany.