Conrad Gerard de Rayneval Quotes


Personal disinterestedness and pecuniary probity do not illustrate the birth of the American Republic. All the agents have obtained exorbitant gains for their manufactures ... The spirit of mercantile cupidity forms, perhaps, one of the distinctive characteristics of the Americans, especially those in the north, and doubtless this will influence the future destinies of the Republic


Context

There was a great deal of war profiteering during the American Revolution and Gerard thought that this was a negative indicator of prospects for America. Things actually got worse during the war of 1812 where there was war profiteering also and many in New England profited from selling supplies to the British enemy. Unfortunately, taking economic advantage of a wartime crisis has accompanied virtually every war in which we have become engaged. In WWII, the automobile industry virtually blackmailed the government into high profits if they would produce war material instead of cars, and the rapaciousness of Haliburton in the Iraq war became a national scandal. See George Washington’s comment on the time {624228}.


Citations

Conrad Gerard de Rayneval, 1729-1790, French Diplomat & Minister Plenipotentiary to the American Colonies During the Revolution, Letter to French Foreign Minister Charles Gravier, Comte de Vergennes, August 12, 1778

Sourced by: Eigen's Political and Historical Quotations

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