After shipping Mexico's Piastres to the place designated by William Pitt the Younger, Gabriel Ouvrard did not stop there. He also sent men to New Orleans and Veracruz, the latter located in New Spain, the place known as Mexico.
He and his partners planned to ship the Piastres to America, but Spain and Britain joined forces to prevent it. American merchant ships could still carry other Mexican goods elsewhere. Among those traveling between Veracruz and Europe was David Parish, the son of a Hamburg banker whose father's bank belonged to the Anglo-Dutch banking group.
Many believed the Louisiana Purchase had been ordered by William Pitt the Younger, since Baron Baring, who participated in the acquisition, was his friend. If the purchase truly succeeded, Americans would first head west to buy land, and banks would lend to them with that land as collateral. Wildcat banks would probably imitate the Bank of Stockholm, endlessly printing banknotes regardless of their reserves. This would lay the seeds for the Panic of 1837, when Britain could then march into America.
Georgiana believed William Pitt the Younger could not see that far ahead. At this time, social wealth was still mainly concentrated in the hands of textile mill owners. They had voting rights, but the king could create difficulties and force the prime minister to resign.
The Anglo-Dutch banking group had originally consisted of British and Dutch banks, then later absorbed other members. Several Hamburg banks provided services for paying the military expenses of the Anti-French Coalition.
The Anglo-Dutch banking group had originally been formed during the Seven Years' War to underwrite loans for Sweden, Russia, Portugal, and Bavaria. In return, Portugal granted Hope the exclusive right to conduct Brazil's diamond trade. Hope then exchanged diamonds with Catherine the Great for Russia's sugar monopoly. Now that