Restoration France in the context of "French history"

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⭐ Core Definition: Restoration France

The Bourbon Restoration was the period of French history during which the House of Bourbon returned to power after the fall of Napoleon Bonaparte in 1814 and 1815. Exiled supporters of the monarchy returned to France, which had been profoundly changed by the French Revolution. Exhausted by the Napoleonic Wars, the kingdom experienced a period of internal and external peace, stable economic prosperity and the preliminaries of industrialisation. The July Revolution of 1830 effectively ended the restoration during the reign of Charles X, brother of the late King Louis XVI, leading to the July Monarchy and eventually the French Second Republic.

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Restoration France in the context of Haiti Independence Debt

The Haitian independence debt (French: Dette d'Indépendance Haïtienne) involves an 1825 agreement between Haiti and France that included France demanding an indemnity of 150 million francs in five annual payments of 30 million to be paid by Haiti in claims over property, not including Haitian slaves, that was lost through the Haitian Revolution in return for diplomatic recognition. Haiti was forced to take a loan for the first 30 million, and in 1838 France agreed to reduce the remaining debt to 60 million to be paid over 30 years, with the final payment paid in 1883. However, according to a 2022 The New York Times analysis, because of other loans taken to pay off this loan, the final payment to debtors was actually made in 1947. They approximated that 112 million francs was actually paid in indemnity, which is equivalent to $560 million in 2022 after adjusting for inflation.

Restoration France's demand of payments in exchange for recognizing Haiti's independence was delivered to the country by several French warships in 1825, twenty-one years after Haiti's declaration of independence in 1804. Despite several revolutions in France after that date (July Revolution, French Revolution of 1848, Paris Commune), successive governments, be they imperial, monarchist or republican, continued enforcing the debt and coercing Haiti to pay. Haiti had to take a loan in 1875 to pay back the final portion of the original loan, and the bank that benefited most from this was Crédit Industriel et Commercial. Even after the indemnity was paid, Haiti had to continue paying the other loans, and the government of the United States funded the acquisition of Haiti's treasury in 1911, and in 1922, the rest of Haiti's debt was moved to be paid to American investors.

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