Conclusion

Mark Edward Hay ()
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Mark Edward Hay: Erasmus University Rotterdam

Chapter Chapter 5 in Transatlantic Finance in the Age of Revolutions, 2024, pp 139-153 from Springer

Abstract: Abstract The conclusion reflects on the development and execution of the financial operation to facilitate the transfer of Louisiana from France to the United States. It argues that the operation was improvised and rushed, and that the role of Baring was less prominent than is often assumed. Furthermore, the conclusion discusses the impact of the Louisiana operation on this history of the House of Hope and the House of Baring. For Hope, the Louisiana operation facilitated a return the the Amsterdam capital market and it established a good relationship with the Napoleonic regime. For Baring the Louisiana operation was dissappointing on the short term. Baring was isolated from the continent that was experiencing a boom in demand for capital. But Baring did learn from their collaboration with Hope, contibuting to the merger of Hope and Baring in 1813.

Keywords: Financing the Louisiana Cession; Louisiana Purchase; Hope & Co.; Francis Baring & Co.; Pierre César Labouchere; Alexander Baring; Napoleonic War Financing (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-65232-5_5

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DOI: 10.1007/978-3-031-65232-5_5

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