Haiti: The Price of Liberation | Analysis | teleSUR English
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French political recognition of #Haiti came until 1834. The brutal slavery of Haiti made France incredibly rich. The first independent Black Republic sent shock waves throughout Europe. It was a clear threat to European dominance and stood as a beacon of successful resistance against European colonization, financing the Bolivarian revolutions, and inspiring slave revolts in the United States. Haiti had to be punished. Over the years, this repayment of “independence debt” to their former slave owners, along with foreign-led coups and occupations, left the Haitian economy crippled and impoverished. As British newspaper The Guardian points out, “When the indemnity money Haiti paid #France is adjusted for inflation and a minimal interest rate, its value ... $40bn.”