In the second half of the 18th century, Copenhagen benefited from Denmark's neutrality during the wars between Europe's main powers, allowing it to play an important role in trade between the states around the Baltic Sea. After Christiansborg was destroyed by fire in 1794 and another fire caused serious damage to the city in 1795, work began on the classical Copenhagen landmark of Højbro Plads while Nytorv and Gammel Torv were converged.