Millions for Credit: Peace with Algiers and the Establishment of America’s Commercial Reputation Overseas, 1795–96

@article{Farber2014MillionsFC,
  title={Millions for Credit: Peace with Algiers and the Establishment of America’s Commercial Reputation Overseas, 1795–96},
  author={Hannah Farber},
  journal={Journal of the Early Republic},
  year={2014},
  volume={34},
  pages={187 - 217}
}
  • Hannah Farber
  • Published 2014
  • Economics
  • Journal of the Early Republic
In September 1795, the United States of America agreed to pay a large sum of money to the independent Ottoman regency of Algiers so that Algiers would not interfere with its trade in and around the Mediterranean. This trade was of great importance for American farmers and merchants, who hoped to meet warring European armies’ increased demand for grain, as well as for the American commercial fleet, which sought to increase its share of the Mediterranean carrying trade. For the next thirteen… Expand
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