RE: https://kolektiva.social/@MikeDunnAuthor/117139797548980716
The French demanded $21 billion (In today’s dollars)
in exchange for peace and recognition of Haiti as an independent nation.
The debt was financed through French banks and the U.S. bank, Citibank.
The Haitians finally paid it off in 1947.
However, the huge interest payments for their independence debt,
and the debt incurred through the corruption of the Duvalier dynasty,
have made Haiti one of the poorest nations in the western hemisphere.
Prior to independence, Haiti was the richest and most productive of all of Europe’s colonie