External Debt Of Haiti
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External Debt Of Haiti
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 corruptions. The French Revolutionary and Napoleonic Wars in Europe allowed rebel Haitian slaves to overpower 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 menace, massive compensations: Haiti had to 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-plantation assets and revenues. This price for independence 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. The Duvaliers are believed to have used the mo ...
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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 Notices, advertisements, and Flyposting, posted bills applied to surfaces with tacks or Wheatpaste, paste have been widespread, although sometimes strictly regulated. An early example is the Peukestas order, a papyrus notice posted in Egypt around 331 BCE. ...
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President Of The United States
The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of the United States, federal government and is the Powers of the president of the United States#Commander-in-chief, commander-in-chief of the United States Armed Forces. The power of the presidency has grown since the first president, George Washington, took office in 1789. While presidential power has ebbed and flowed over time, the presidency has played an increasing role in American political life since the beginning of the 20th century, carrying over into the 21st century with some expansions during the presidencies of Presidency of Franklin D. Roosevelt, Franklin D. Roosevelt and Presidency of George W. Bush, George W. Bush. In modern times, the president is one of the world's most powerful political figures and the leader of the world's ...
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World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ...
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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 which exists to end injustice in relation to 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 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 r ...
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The Times
''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821), are published by Times Media, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'' were founded independently and have had common ownership only since 1966. It is considered a newspaper of record in the UK. ''The Times'' was the first newspaper to bear that name, inspiring numerous other papers around the world. In countries where these other titles are popular, the newspaper is often referred to as or , although the newspaper is of national scope and distribution. ''The Times'' had an average daily circulation of 365,880 in March 2020; in the same period, ''The Sunday Times'' had an average weekly circulation of 647,622. The two ...
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Duvalier Family
The Duvalier family (French language, French: ''Dynastie des Duvalier''; Haitian Creole: ''Dinasti Duvalier'') was an Autocracy, autocratic hereditary dictatorship in Haiti that lasted almost 29 years, from 1957 until 1986, spanning the rule of the father-and-son duo François Duvalier ("Papa Doc") and Jean-Claude Duvalier ("Baby Doc"). History Direct elections, the first in Haiti's history, 1950 Haitian general election, were held in October 1950, and Paul Magloire, an elite black Colonel in the Armed Forces of Haiti, military, was elected. Hurricane Hazel hit the island in 1954, devastating the nation's infrastructure and economy. Hurricane relief was inadequately distributed and misspent, and Magloire jailed opponents and shut down newspapers. After he refused to step down after his term ended, a general strike shut down Port-au-Prince's economy, and Magloire fled, leaving the government in a state of chaos. When elections 1957 Haitian general election, were finally held in Se ...
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National City Bank Of New York
Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branch (banking), branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. As of 2023, Citibank is the third-largest bank in the United States in terms of assets. History Founding 19th century 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 President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac ...
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The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ...
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The Nation
''The Nation'' is a progressive American monthly 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 t ...
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United States Department Of State
The United States Department of State (DOS), or simply the State Department, is an United States federal executive departments, executive department of the U.S. federal government responsible for the country's foreign policy of the United States, foreign policy and foreign relations of the United States, relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering List of diplomatic missions of the United States, diplomatic missions, negotiating international treaties and agreements, protecting citizens abroad and representing the U.S. at the United Nations. The department is headquartered in the Harry S Truman Building, a few blocks from the White House, in the Foggy Bottom, Washington, D.C., Foggy Bottom neighborhood of Washington, D.C.; "Foggy Bottom" is thus sometimes used as a metonym. Established in 1789 as the first administrative arm of the U.S. executive branch, th ...
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