where did us get the money for louisiana purchase
Louisiana Purchase The American government used $3 million in gold as a down payment, and issued bonds for the balance to pay France for the purchase. Earlier that year, Francis Baring and Company of London had become the U.S. government's official banking agent in London. Because of this favored position, the U.S. asked the Baring firm to handle the transaction. Francis Baring's son Alexander was in Paris at the time and helped in the negotiations.[50] Another Baring advantage was a close relationship with Hope and Company of Amsterdam. The two banking houses worked together to facilitate and underwrite the Purchase.
Alonso Álvarez de Pineda
Louisiana Purchase In 1798, Spain revoked the treaty allowing American use of New Orleans, greatly upsetting Americans. In 1801, Spanish Governor Don Juan Manuel de Salcedo took over from the Marquess of Casa Calvo, and restored the American right to deposit goods. However, in 1800 Spain had ceded the Louisiana territory back to France as part of Napoleon's secret Third Treaty of San Ildefonso.[4] The territory nominally remained under Spanish control, until a transfer of power to France on 30 November 1803, just three weeks before the formal cession of the territory to the United States on 20 December 1803.[5] A further ceremony was held in St. Louis a few months later partially due to winter conditions impeding the arrival of news, Upper Louisiana, regarding the New Orleans formalities. The 9â€“10 March 1804 event is remembered as Three Flags Day.
Lewis and Clark Expedition Two years into his presidency, Jefferson asked Congress to fund an expedition through the Louisiana territory to the Pacific Ocean. He did not attempt to hide the Lewis and Clark expedition itself from Spanish, French, and British officials, but rather claimed different reasons for the venture. He used a secret message to ask for funding due to poor relations with the opposition party in Congress.[18][19][20][21]