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Cake day: July 1st, 2023

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  • It also leaves out one of the huge factors in why Haiti is how it is. In 1825, after the revolution (and the subsequent genocide of Europeans in the country), Haiti made various proposals to the French for recognition of its independence. Eventually France rolled up to Port-au-Prince with over a dozen warships informing the Haitian government that it owed France 150 million francs over the next 5 years and in return would be recognized as independent.

    Haiti obviously could not repay that sum in five years, so they obtained loans from French banks and eventually American banks, principally the bank that eventually became Citibank. Even after a reduction to 90 million francs they still didn’t finish making payments until 1947.