One of the outcomes of the movement was the Scandinavian monetary union created in 1871.

This was done to prepare for Norway's entry, on 16 October that year, into the Scandinavian Monetary Union.

The Latin Monetary Union inspired the Scandinavian Monetary Union, established in 1873.

Money unions were operating which effectively allowed members to accept each other's currency as legal tender including the Latin Monetary Union (Belgium, Italy, Switzerland, France) and Scandinavian monetary union (Denmark, Norway and Sweden).