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Started by Bimat, February 22, 2014, 03:32:31 PM
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Quote from: Figleaf on February 22, 2014, 09:49:40 PMHave a look here.Why 1782? Because on 19th April of that year, the Republic recognised the US. Shortly after, John Adams, at the time living in Amsterdam, bought a house in The Hague, which became the first US embassy* with Adams as ambassador. Adams arranged for credit to the young republic with a series of loans through his friend, banker Nicolaas van Staphorst. The loans constituted an effort to underpin the new dollar, after the total collapse of the continental currency. The money ended up in the hands of the Bank of North America, where it acted as the reserve against the first USD notes. In that sense, Dutch and French bankers financed almost the whole external debt of the US. If memory serves, the US defaulted on the loans and took some Dutch banking houses down.Peter* There was a US representation in France before, but it had the status of mission, not embassy.
Quote from: Bimat on February 23, 2014, 01:55:20 PMNetherlands anyway is fond of issuing coins dedicated to diplomatic relations with other countries it seems. They have issued two €5 collector coins for Japan and Turkey and this one (pre-euro) for US