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Article: Dutch Bankers' Loans
- Article from:
- Dictionary of American History
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DUTCH BANKERS' LOANS
DUTCH BANKERS' LOANS.
The financial independence of the United States was assured when John Adams, minister to the Hague, secured in June 1782 the flotation of a $2 million loan through Amsterdam banking houses. The loan secured for the American government badly needed foreign exchange and tacitly recognized the enlarged commercial role played by the United States, whose trade with Holland and France had developed considerably since 1775. It ...