17 April 1825 · Haitian
France bills Haiti 150 million francs for existing
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On 17 April 1825, with a French squadron off Port-au-Prince, Boyer accepted Charles X's ordinance: 150 million francs to compensate former colonists for their lost property, that property being human beings who had freed themselves. Recognition was the thing being sold and the price was the national budget many times over. Haiti borrowed from French banks to pay French claimants, which is the part people miss. The debt was reduced to 90 million later, and the servicing of it ran into the twentieth century, and the loans taken to service it are what put Haitian customs revenue in foreign hands and eventually put American marines on the wharf. This is the single most consequential financial transaction in the country's history, and for most of two centuries it was described in European sources as a settlement rather than as what any honest accountant would call it, which is a ransom.