1859 to 1865 · Haitianspan
American war prices turn Haitian cotton into a boom and then kill it
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Geffrard attached his economic hopes to cotton because the American war had removed the world's main supplier. He paid bounties to growers, distributed gins free of charge, and reported that cotton culture had developed extraordinarily in a short time under remunerative prices. The price moved from about eight United States cents a pound in 1859 to roughly thirty five by 1863, at which point the bounties became unnecessary and were replaced by a small export tax. Around twelve hundred black immigrants from the United States and Canada were settled near Saint-Marc to work the fields. Most were unfit for tropical field labour, many died, and most of the rest moved to the towns or went home, with land granted without water and food distributed irregularly. When the Union won in 1865 the boom collapsed, and a long drought had meanwhile driven up the price of food.