Cotton Prices Surge on Seminole Attack Autumn, 1790
There was much hysteria in trading houses across London and Amsterdam yesterday as news of the Seminole attack near Cedar Shoals reached Europe. Traders, unaware that the incursion had advanced so far eastward began the day hoarding cotton contracts, speculating that the Georgian militia had collapsed and were in disarray. Cotton prices across London surged some eight percentage points, at one point rising nearly fifteen percent as rumors of the Indians reaching Augusta broke out. Fearing implications to English industry, numerous members of the House of Commons deliberated to send assistance to the former colonies, though such a proposition seems highly unlikely.
Less than a year after declaring independence from Austrian rule, the United States of Belgium was dealt a series of swift and decisive defeats by Austrian forces, previously distracted by war with the Ottoman Empire. The new Austrian emperor, Leopold II agreed to restore the Joyous Entry and conditions for the Austrian restoration outlined in the convention of The Hague- thusly returning Belgium to Hasburg rule. The short lived republic, strife with internal divisions between Statists and Vonckists shortly after independence, were dealt a serious blow in Reichenbach earlier this July, after representatives of Britain, Prussia, and the United Provinces reaffirmed Austrian rule in the region.