THIS DATE IN DANISH AMERICAN HISTORY - TRANSFER DAY
On March 31, 1917, the United States purchased the Danish West Indies from Denmark for $25 Million. In 1927 the islands became a U.S. Territory.
The Danish West Indies or Danish Antilles or Danish Virgin Islands was a Danish colony in the Caribbean, consisting of the islands of Saint Thomas, Saint John, Saint Croix, and Water Island.
The Danish West India Guinea Company annexed the uninhabited island of Saint Thomas in 1672 and St. John in 1718. In 1733, Saint Croix was purchased from the French West India Company. When the Danish company went bankrupt in 1754, the King of Denmark–Norway assumed direct control of the three islands. Britain occupied the Danish West Indies in 1801–02 and 1807–15, during the Napoleonic Wars.
Danish colonizers in the West Indies aimed to exploit the profitable triangular trade, involving the export of firearms and other manufactured goods to Africa in exchange for slaves, who were then transported to the Caribbean to work the sugar plantations. Caribbean colonies, in turn, exported sugar, rum, and molasses to Denmark. The economy of the Danish West Indies depended on slavery. After a rebellion, slavery was officially abolished in 1848, leading to the near economic collapse of the plantations.
Photo: The Check for $25 Million dated March 31, 1917 from the United States to Denmark
In 1852 the Danish parliament first debated the sale of the increasingly unprofitable colony. Denmark tried several times to sell or exchange the Danish West Indies in the late 19th and early 20th centuries: to the United States and to the German Empire respectively. The islands were eventually sold for 25 million dollars to the United States, which took over the administration on 31 March 1917 (Transfer Day), renaming the islands the United States Virgin Islands. - Wikipedia
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