In 1784, a Spanish warship called El Cazador sank to the bottom of the ocean…
…And caused the United States to double in size, forever changing history.
It all concludes with coins at the bottom of the ocean, but let’s start at the beginning.
In the 1700s, Spain won the battle over control of North American territories by gaining the biggest plot of land: almost a million square miles in North America, the Louisiana Territory.
It was a big prize, but the port of New Orlean’s economy started to fail in the 1760s and ’70s and paper currency began to lose its value.
It didn’t help that scheming New Orleans revolutionaries created counterfeit bills that were useless to the Spanish Crown.
Spain had to come up with a plan to appease the colonists in Louisiana, especially those near the vital shipping port of New Orleans. Carolus III, Bourbon King of Spain, made a key decision to exchange paper bills for silver coins, which would provide actual value to their currency.
Carolus III would send the coins to the New World, supplying New Orleans with a solution for the troubled economy.
El Cazador means “The Hunter” in Spanish.
The Plan in Action
The ship El Cazador was sent off from Spain, destination Vera Cruz, Mexico. After stocking up on more than 400,000 Spanish Silver Reales in Mexico in January 1784, the ship left for the New Orleans port.
Who knows what happened next: maybe a strong storm or pirates took over, but either way El Cazador never reached the shore of the New World, instead finding itself at the bottom of the ocean.
The ship was declared missing in June of the next year.
The loss was devastating to Spain and Louisiana’s economy, and though Spain dispatched more coins, the Spanish Crown began to wonder at the value of the Louisiana territory. They were never able to stabilize its economy.
The Territory Changes Hands
In 1800, the king of Spain finally agreed to give up Louisiana to France. But France was also having economic trouble, and soon afterward, Napoleon sold the territory to Thomas Jefferson in the Louisiana Purchase.
The shipwreck of El Cazador led the Louisiana Purchase, the treaty that doubled the size of the U.S. and changed the fate of the world forever.
There’s a Part II to this story, centuries later in 1993, when a vessel named “Mistake” found itself in the same waters as the shipwrecked El Cazador.
But that’s another tale to tell: don’t forget to check back for the story next week!