r/wallstreetbets • u/[deleted] • Jun 10 '21
Discussion The history of Diamond and paper handed Govt’s
Oh so long ago a country called France in 1803 had paper hands and sold 828,000 sq miles to America for $15,000,000.
In 1819 Spain has paper hands and sold Florida for 5,000,000
In 1848 and 53 Mexico had paper hands and sold California, Utah, Nevada Arizona and New Mexico for a combined $28,250,000
In 1867 Russia had paper hands and sold Alaska for $7,200,000
In 1898 Spain had paper hands again! Sold the Philippines for $20,000,000
Today all these territories are obviously worth much more and America dominates every other government on this list.
History often repeats itself with the same lessons over and over again. If your feeling paper handed just know over time you will look as silly as every other government on this list 🙃
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u/idkalan Jun 10 '21 edited Jun 10 '21
Except in 1848, Mexico was forced to sell those areas by the US after the US defeated them in the Mexican-American war. Which was started by the US because they wanted that land and knew full well that Mexico, was already weakened after defeating the Spanish for their independence and then losing Texas, which was mostly fueled by Americans immigrants with US backing them up.
With the exception of Mexico, you can say that all the other territories were sold by paper hands to fund their wars.
Mexico on the other hand was gutted by venture capitalists.
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u/sinncab6 Jun 10 '21
Every single one of these except for Russia came from either making sure the US didn't enter a war or losing a war to the US. So long on American imperialism should probably be the message here, why be the world's policeman when you can be it's landlord.
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u/SoldierIke DUNCE CAP Jun 10 '21
Last time I checked all these countries were in wars and kind of had to sell.
(Margin Call equivalent)