Haiti's External Debt
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Haiti's External Debt
The external debt of Haiti is a notable and controversial national debt which mostly stems from an outstanding 1825 compensation to former slavers of the French colonial empire and later 20th century's corruptions. French Revolutionary and Napoleonic Wars in Europe allowed rebel Haitians slaves to out power French colonial rule and gain independence in the 1791–1804 Haitian Revolution. The restored French monarchy, supported by European monarchies, sent the 1825 French expedition to Haiti to demand with military threats for massive compensations: Haiti must repay the French government and former slaveholders the modern equivalent of US$105 billion, later reduced to US$21 billion for the loss of massively profitable slave-plantations assets and revenues. This independence debt was financed by French banks and the American Citibank, and finally paid off in 1947. Later, the corrupt Duvalier dynasty added to the country's debts, and is believed to have used the money to expan ...
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Sticker Demanding Reparations For Haiti, Port Au Prince, 2003
A sticker is a type of label: a piece of printed paper, Polyvinyl chloride, plastic, vinyl, or other material with temporary or permanent pressure sensitive adhesive on one side. It can be used for decoration or for functional purposes, depending on the situation. Stickers can come in many different shapes and sizes and also vary widely in color and design. They are often adhered to items such as lunchboxes, paper, lockers, notebooks, walls, cars, windows, used as name tags, and so on. The term "sticker price" refers to the historic practice of adhering a Monroney sticker, large sticker to the window of a new car listing its base price, options, shipping charges, etc. (from which a discount was often negotiated). History R. Stanton Avery is credited with creating the first self-adhesive sticker in 1935. Use Stickers are very widely used when an object requires identification with a word or idea. Brand stickers may be attached to products to label these products as ...
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Slave Revolt
A slave rebellion is an armed uprising by enslaved people, as a way of fighting for their freedom. Rebellions of enslaved people have occurred in nearly all societies that practice slavery or have practiced slavery in the past. A desire for freedom and the dream of successful rebellion is often the greatest object of song, art, and culture amongst the enslaved population. Many of the events, however, are often violently opposed and suppressed by slaveholders. The most successful slave rebellion in history was the 18th-century Haitian Revolution, led by Toussaint Louverture and later Jean-Jacques Dessalines who won the war against their French colonial rulers, which established the modern independent state of Haiti from the former French colony of Saint-Domingue. Another famous historic slave rebellion was led by the Roman slave Spartacus (c. 73–71 BC). In the ninth century, the poet-prophet Ali bin Muhammad led imported East African slaves in Iraq during the Zanj Rebellion agai ...
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Jubilee Debt Campaign
Debt Justice (formerly Jubilee Debt Campaign, Jubilee Debt Coalition and Drop The Debt) is a UK-based campaigning organisation that exists to end unjust developing countries' debt and the poverty and inequality it perpetuates. The organisation’s activities include campaigning, advocacy, community organising and activism and aims to build collective power with people most affected by debt to demand a fair economy for all. History The Coalition was formed as a successor organisation to the Jubilee 2000 Coalition. Many campaigners felt that it was necessary to continue working together to monitor the G8's promise to deliver $100 billion of debt relief at Cologne in 1999, and make further progress on the cancellation of the poorest countries' debts. The name was chosen in 1995/1996, as preparations were gathering pace for the celebration of the millennium. The concept was that justice and poverty alleviation through the cancellation of debts would be a fitting celebration f ...
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Jubilee USA Network
Jubilee USA Network is a nonprofit financial reform organization based in Washington D.C. Jubilee USA's work began in conjunction with the global Jubilee 2000 movement, founded in the late 1990s to advocate for debt relief for developing countries. It is "an alliance of more than 75 U.S. organizations, 650 faith communities and 50 Jubilee global partners." Origin and mission The name "Jubilee" is derived from the Biblical Jubilee in '' Leviticus'', a system of debt cancellation, land restoration and liberation from bondage embedded in a 7-year cycle. Jubilee USA is located in Washington D.C. and is a coalition of approximately 75 national religious and development organizations and about 400 communities of faith across the country. It describes its mission as "building an economy that serves, protects and promotes the participation of the most vulnerable". Advocacy Jubilee USA primarily advocates for financial reforms that argues to help impoverished communities. Those refo ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ...
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Debt Relief
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made large loans to the allies that were postponed, reduced and finally paid off in 1953. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. International debt relief First World War reparations War debt payments by World War I Allies to the U.S. had been suspended in 1931—only Finland paid in full—and American public opinion demanded repayments resume as a condition of U.S. postwar aid. Germany had ...
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Duvalier
Duvalier is a French and Haitian surname, and may refer to: * François Duvalier (1907–1971), nicknamed "Papa Doc", President of Haiti 1957–71 * Jean-Claude Duvalier Jean-Claude Duvalier (; 3 July 19514 October 2014), nicknamed "Baby Doc" ( ht, Bebe Dòk), was a Haitian politician who was the President of Haiti from 1971 until he was overthrown by a popular uprising in February 1986. He succeeded his father F ... (1951–2014), nicknamed "Baby Doc", son of François Duvalier and President of Haiti 1971–86 * Simone Ovid Duvalier (1913–1997), nicknamed "Mama Doc", widow of François Duvalier and mother of Jean-Claude Duvalier * Michèle Bennett Duvalier (b. 1950), former wife of Jean-Claude Duvalier 1980–90 {{surname ...
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National City Bank Of New York
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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The Nation
''The Nation'' is an American liberal biweekly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper that closed in 1865, after ratification of the Thirteenth Amendment to the United States Constitution. Thereafter, the magazine proceeded to a broader topic, ''The Nation''. An important collaborator of the new magazine was its Literary Editor Wendell Phillips Garrison, son of William. He had at his disposal his father's vast network of contacts. ''The Nation'' is published by its namesake owner, The Nation Company, L.P., at 520 8th Ave New York, NY 10018. It has news bureaus in Washington, D.C., London, and South Africa, with departments covering architecture, art, corporations, defense, environment, films, legal affairs, music, peace and disarmament, poetry, and the United Nations. Circulation peaked at 187,000 in 2006 but dropped to 145,0 ...
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United States Department Of State
The United States Department of State (DOS), or State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering diplomatic missions, negotiating international treaties and agreements, and representing the United States at the United Nations conference. Established in 1789 as the first administrative arm of the U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed by the secretary of state, who reports directly to the U.S. president and is a member of the Cabinet. Analogous to a foreign minister, the secretary of state serves as the federal government's chief diplomat and representative abroad, and is the first Cabinet official in the order of precedence and in the pres ...
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John Adams
John Adams (October 30, 1735 – July 4, 1826) was an American statesman, attorney, diplomat, writer, and Founding Fathers of the United States, Founding Father who served as the second president of the United States from 1797 to 1801. Before Presidency of John Adams, his presidency, he was a leader of the American Revolution that achieved independence from Kingdom of Great Britain, Great Britain, and during the war served as a diplomat in Europe. He was twice elected vice president of the United States, vice president, serving from 1789 to 1797 in a prestigious role with little power. Adams was a dedicated diarist and regularly corresponded with many important contemporaries, including his wife and adviser Abigail Adams as well as his friend and rival Thomas Jefferson. A lawyer and political activist prior to the Revolution, Adams was devoted to the right to counsel and presumption of innocence. He defied anti-British sentiment and successfully defended British soldiers agai ...
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