Lee, Higginson & Company Belgian investment letter, 1920

Contributed by Maine Historical Society

Lee, Higginson & Company Belgian investment letter, 1920

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This record was added to Maine Memory Network through the efforts of a student at University of North Texas.

Description

After World War I and during Belgium’s reconstruction period, American investment banks orchestrated opportunities to benefit from the peace terms. As a result of the Treaty of Versailles, Germany was required to pay war reparations to European countries, specifically Belgium.

Investment banks like Boston-based Lee, Higginson & Company encouraged its clients to purchase Belgium’s debt, predicting a 7% return. This letter, sent from the Portland office, outlines the economic potential.

While Belgium’s economy began to turn around by 1926, Lee, Higginson & Company closed in 1932 after suffering staggering loses in the famed ‘Swedish Match’ pyramid scheme.

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About This Item

  • Title: Lee, Higginson & Company Belgian investment letter, 1920
  • Creator: Lee, Higginson & Company
  • Creation Date: 1920
  • Subject Date: 1920-01-14
  • Town: Boston, Portland
  • County: Cumberland, Suffolk
  • State: MA, ME
  • Media: Ink on paper
  • Dimensions: 28 cm x 21 cm
  • Local Code: Pamphlet 5546
  • Object Type: Text

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For more information about this item, contact:

Maine Historical Society
485 Congress Street, Portland, ME 04101
(207) 774-1822 x230
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