Why is Haiti So Strangely Poor

Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/casualsch... Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: masterworks.com/cd Haiti currently finds itself in the midst of an extraordinary and heartrending crisis. Its government has virtually lost all control, with 90% of the capital dominated by brutal gangs, while 40% of the population faces the dire threat of starvation. Today, Haiti is the poorest nation in the Western Hemisphere, a fact that might lead you to believe it has always been steeped in poverty. However, this wasn't always the case. Once upon a time, Haiti was the most prosperous colony the world had ever seen. Its economy overshadowed the newly-founded United States and was more valuable than the combined New World holdings of the Spanish Empire. For a time, it was the most valuable piece of land on Earth – but this wealth came at a horrifying human cost. Haiti's prosperity was built on the backbone of an exceptionally violent and brutal form of slavery. This grim reality, however, paved the way for the largest and only successful slave revolt in history. As the second free nation in the Americas, Haiti overflowed with hope and optimism for a future shaped by and for its people. So, how did this once unimaginably wealthy land transform into a devastatingly impoverished nation? – Contents of this video -------------------------------- 00:00 - Haiti - A Nation in Crisis 04:47 - The Most Profitable Colony Ever 09:52 - Independent but Alone 16:10 - The Double Debt 19:20 - The Occupation 24:43 - Unchecked Power 27:53 - The Rhyme of History ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THIS CHANNEL IS MADE POSSIBLE WITH THE HELP OF PATREON! Support the channel by becoming a Patron today!   / casualscholar   Thank you to the channel's generous Patrons! Hayden Haun, Emmanuel Fredenrich, Pulaski, Adrian Willenbücher, Hallucination, A Fan ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ – Sources used ----------------------------------------- -Haiti: The AfterShocks of History by Laurent Dubois -Haiti: The Tumultuous History - From Pear Of The Caribbean To Broken Nation by Philippe Girarb -https://data.worldbank.org/indicator/... -https://www.cfr.org/backgrounder/hait.... -NAIDU, S., ROBINSON, J., & YOUNG, L. (2021). Social Origins of Dictatorships: Elite Networks and Political Transitions in Haiti. American Political Science Review, 115(3), 900-916. doi:10.1017/S0003055421000289 -https://www.brown.edu/Facilities/John.... -https://www.economist.com/the-economi... -https://www.economist.com/the-america... -https://www.theguardian.com/world/202... -https://www.brookings.edu/blog/order-... -https://www.npr.org/2023/01/18/114955... -https://www.economist.com/the-america... -https://countrystudies.us/haiti/45.htm -https://www.economist.com/the-america... -https://www.economist.com/the-america... -https://www.economist.com/free-exchan... -https://singingrooster.org/why-is-hai... -https://www.travelinghaiti.com/list-o... -https://www.nytimes.com/2022/05/20/wo... #HaitisEconomy #Haiti #HaitiNews #HaitiCrisis #Economics #CasualScholar #History