Caribbean Project: Haiti’s Double Debt

Haiti

Here’s something that you won’t find in the Wikipedia entry about Haiti’s external debt:

“Although payments were occasionally suspended, partially during 1843-8 and 1867-9, Haiti regularly serviced the double debt and finally paid it off in December 1883.”

-Victor Bulmer-Thomas, The Economic History of the Caribbean Since the Napoleonic Wars, p.183

How many times have we heard the talking point that Haiti was hopelessly crippled for all time by the external debt – 150 million francs, which was later renegotiated down to 60 million francs – that it was saddled with by France in exchange for diplomatic recognition in 1825?

3 Comments

  1. “Here’s something that you won’t find in the Wikipedia entry about Haiti’s external debt”

    Why don’t you sign up for an account and put it there? Offense wins wars, not defense.

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