In 1369, the peace between Waldemar IV of
Denmark and the Hanseatic League (association
of N German trading towns) that concluded the
Hanse war 1362-69. Denmark had unsuccessfully
attempted to reduce the power of the
Hanseatic League in Scandinavia, and by this
peace, Waldemar had to recognize the League's
trading rights in his territories and assent
to an enlargement of its privileges.