U.S. Facilitates 40-Year International Loan of $1.7 Million to Liberia in 1912

In 1912, the United States played a pivotal role in stabilizing Liberia's economy by arranging a significant international loan of $1.7 million, which was to be repaid over a period of 40 years. This financial assistance came with conditions that allowed four Western powers—namely the United States, Britain, France, and Germany—to exert control over Liberia's government revenues until 1926. This arrangement was crucial for Liberia, as it aimed to ensure financial stability and prevent foreign encroachment on its sovereignty. The U.S. administration also took charge of the border police, which helped to stabilize the frontier with Sierra Leone and deter French ambitions to annex additional Liberian territory. Furthermore, the establishment of a U.S. Navy coaling station in Liberia underscored America's commitment to supporting Liberian independence, prosperity, and reform during a time of geopolitical tension in the region. This loan and the subsequent measures taken by the U.S. were instrumental in shaping Liberia's political landscape and securing its autonomy in the early 20th century.