According to The New York Times, the payments cost Haiti much of its development potential, removing about $21 to $115 billion of growth from Haiti – or about one to eight times the nation's total economy – over two centuries according to calculations conducted by fifteen prominent economists. The history of Haiti's indemnity is not taught as part of education in France. Aristocratic French families have also forgotten that their families profited from the debt paymen… WebMay 18, 2012 · So in 1914, Farnham simply whisked away two strongboxes with $500,000 of Haiti’s gold, roughly 24,000 ounces, valued at $40 million today, to New York aboard the USS Machias, and he deposited them into the Citibank vaults. This theft of hard currency rendered Haiti completely dependent on the US for its operating budget.
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