The Crippling Legacy of Haiti's Independence Ransom
The Crippling Legacy of Haiti's Independence Ransom Patrick Prézeau Stephenson et al., Collectif du Manifeste L'Appel du Lambi. September 29, 2023 Introduction: In 1825, Haiti faced a daunting challenge: to secure international recognition of its hard-fought independence from France, the newly-formed nation was coerced into an exorbitant agreement. Under the threat of invasion, Haiti agreed to pay 150 million Francs or to its former colonizer. This seemingly endless burden laid the foundation for Haiti's economic struggles over the centuries. This essay delves into the profound impact of this independence ransom on Haiti's economy, examining the GDP and its components from the year of the ransom until the early 20th century. It sheds light on how this colossal debt hindered the country's capacity for spending and investments, perpetuating a cycle of poverty and underdevelopment. The Economic ...