page_title: Niels Christian Frederiksen
section_title: Commercial activities
hierarchical_section_title: Niels Christian Frederiksen / Commercial activities
caption_attribution_description: English: Kjøbenhavns Papkassefabrik in Copenhagen, Denmark
context_page_description: Niels Christian Frederiksen was a Danish national economist, businessman and politician. He was a professor at the University of Copenhagen from 1867 and was a member of Folketinget from 1865. He emigrated to America after the collapse of his business conglomerate but returned to Denmark after a second bankruptcy. He was the brother of Erhard Frederiksen and Kirstine Frederiksen.
context_section_description: Frederiksen was also active as a businessman. He also began to purchase land in Sweden until owning around 6,000 hectares. With great enthusiasm, he cultivated the land, purchased livestock, planted forest and established workshops and saw mills. In Copenhagen, he obtained citizenship as merchant (grocererborgerskab) to be able to sell his products and established a successful trading house.
  In 1874, Frederiksen established Kjøbenhavns Papkassefabrik. It was initially located in Farimagsgade but soon relocated to larger premises on H. C. Ørsteds Vej. He sold it in 1876.
  In 1871, Frederiksen was a co-founder of Landmandsbanken. He was a board member but left it when it failed to implement his ideas. He then turned to Industribanken where he after a while ended up with DKK 2 million in loans. The economic backlash in 1875 left him in a difficult situation. The Lolland Sugar Factory which had been founded by his brothers was also hit hard. Frederiksen tried to solve the situation by founding another bank, Centralbanken, but remained himself one of its few customers. Industribanken raised concerns and discontinued all loans, resulting in the bankruptcy both of Frederiksen and his brothers.
caption: Kjøbenhavns Papkassefabrik
exif: {}