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Home > History > How Did Thomas Jefferson Pay for His French Wine?

How Did Thomas Jefferson Pay for His French Wine?

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sunbelt12 | 22:08 Sun 03rd Feb 2008 | History
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Before and after he was President of the United States, Thomas Jefferson bought thousands of dollars worth of wine and other goods from brokers in England and France. How were funds transferred to pay for the purchases?
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Avatar Image dot.hawkes
I would imagine using letters of credit based on Gold reserves, it was his wife's family that had all the money though.
22:25 Sun 03rd Feb 2008
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