US Debt after a British Victory in ARW

About the Spanish money in Revolution: Spanish money and supplies flowing through New Orleans under Bernardo de Galvez's supervision became so extensive that Spanish money had completely boosted Continental currency and had become fairly commonplace among the colonies


Hence the expression "two bits" to mean 25c.

Much of the Spanish currency was in the form of "pieces of eight", ie eight coins fused to a metal rod, but which could be broken off and spent separately. This was evidently taken as equivalent to a dollar, so that two of the "bits" corresponded to a quarter.
 
.but your original argument in the thread was that the US had owed and never paid back $85 million dollars in loans to Spain, which was been shown to be simply untrue.
No, My mind is open to every idea. It is not my argument... and It is what is written by an american historian: Thomson, Buchanan Parker..85 million Dollars and he wrote (1 peso fuerte = 40 dollars = 20 reales).
The 14 loans to US are proven. In fact today (2014) original documents provided (Spanish Archives) are preserved ... no doubt possible about the 14 loans and signatures of American agents in those documents.

So, No one can dispute the amount given in these 14 loans.. We can argument about the exchange between Spanish Dollars, Pesos Fuertes etc to American Dollars and how amounted and how much money is in 2014... but nobody can say the 14 loans are untrue. You can think the 14 loans are 85 million dollars in american currency or 3,5 or 5 etc etc... but It is the only possible argument and therefore US did not pay their debts... if US paid 248.000 $ and only in the March 1779 loan, Spain gave 577.000 Spanish Dollars... it is obvious... US didn´t pay all the amount!

You said the calculator is not good for dates before 1792, and I say thanks to teach me that. And you are right: Before 1792, the dollars were very different... but you can´t say I make up the 85 million.. It is false. It came from american historiographical sources, not from me.
The 14 loans are as sure as the Law of Universal Gravitation. The original documents still are betwee us in the Archives.
 
No, My mind is open to every idea. It is not my argument... and It is what is written by an american historian: Thomson, Buchanan Parker..85 million Dollars and he wrote (1 peso fuerte = 40 dollars = 20 reales).
The 14 loans to US are proven. In fact today (2014) original documents provided (Spanish Archives) are preserved ... no doubt possible about the 14 loans and signatures of American agents in those documents.

So, No one can dispute the amount given in these 14 loans.. We can argument about the exchange between Spanish Dollars, Pesos Fuertes etc to American Dollars and how amounted and how much money is in 2014... but nobody can say the 14 loans are untrue. You can think the 14 loans are 85 million dollars in american currency or 3,5 or 5 etc etc... but It is the only possible argument and therefore US did not pay their debts... if US paid 248.000 $ and only in the March 1779 loan, Spain gave 577.000 Spanish Dollars... it is obvious... US didn´t pay all the amount!

You said the calculator is not good for dates before 1792, and I say thanks to teach me that. And you are right: Before 1792, the dollars were very different... but you can´t say I make up the 85 million.. It is false. It came from american historiographical sources, not from me.
The 14 loans are as sure as the Law of Universal Gravitation. The original documents still are betwee us in the Archives.

Again, if that figure was in any way true, the Spanish would have loaned the US what the French loaned 16 times over, which is absurd.
I think you misunderstand anyways. In 1795, the United States paid off the remainder of their debts from the war, including 248,000 to Spain. That was not the first payment they made on the debt, that was the last payment they made.

Look, just don't do original financial calculations, it's not going to go anywhere. Nobody knows who owed who what better than the actual creditors during the time period.
 
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