‘Les Traites du Nord’ and Operation R.M

Marten Gerbertus Buist
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Marten Gerbertus Buist: Rijksuniversiteit te Groningen

Chapter Chapter Seven in At Spes non Fracta, 1974, pp 187-226 from Springer

Abstract: Abstract The general peace in Europe which had enabled John Williams Hope and Labouchère to return to Amsterdam was not of long duration. In May 1803 hostilities again broke out between England and France. Elsewhere on the Continent, however, the situation remained calm-at least temporarily-and this gave Napoleon an opportunity to prepare a large-scale expedition against England. Such an undertaking demanded not only a large army, but also a powerful fleet, and so obviously the period of preparation was accompanied by an extremely urgent need for shipbuilding materials in France. As Russia was the principal supplier, the French equipment programme would necessarily lead to the export of large quantities of material from Russia, and this could only improve the rate of exchange of the rouble. This improvement, in turn, would increase the possibility of repayments against Hope’s Russian loans and also immensely facilitate the normal payments of interest.

Keywords: Exchange Rate; French Government; Russian Government; Foreign Loan; Continental System (search for similar items in EconPapers)
Date: 1974
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DOI: 10.1007/978-94-011-8858-6_7

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