The treaty was dated April 30, 1803, and was signed on May 2. On July 14, 1803, the treaty reached Washington D.C. Napoleon, France. The finance of the purchase involved the British Barings Bank. In 1802, it helped finance the Louisiana Purchase, despite the fact that Britain was at war with France, and the sale had the effect of financing Napoleon's war effort. Technically the United States did not purchase Louisiana from Napoleon. Louisiana was purchased from the Baring brothers and Hope & Co.. The payment for the purchase was made in US bonds, which Napoleon sold to Barings at a discount of 87 1/2 per each $100. As a result, Napoleon received only $8,831,250 in cash for Louisiana. The city of New Orleans controlled the Mississippi River through its location; other locations for ports had been tried and had not succeeded. New Orleans was already important for shipping agricultural goods to and from the parts of the U.S. west of the Appalachian Mountains. Through Pinckney's Treaty signed with Spain on October 27, 1795, American merchants had "right of deposit" in New Orleans, meaning they could use the port to store goods for export. Americans also used this "right of deposit" to transport products such as flour, tobacco, pork, bacon, lard, feathers, cider, butter, and cheese. The treaty also recognized American rights to navigate the entire Mississippi River which had become increasingly vital to the growing trade of their western territories. New land. Indians, americans, french.
2007-01-29 14:58:10
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answer #1
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answered by Anonymous
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a. 1803
b. france
c. by money $15 million at that time
check the link for more answers
2007-01-29 14:48:07
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answer #3
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answered by willnguyen01 2
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Basic research can easily provide these answers. And you just might learn something while doing so!
Try
www.wikipedia.org
2007-01-29 14:46:13
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answer #4
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answered by Stephanie 1
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