Condition 5: Three millions of dollars to be paid for the debts due to British merchants..
Why was this in included?
This condition was included as part of the Treaty of Paris signed in 1783 to address the debts that the United States owed to British merchants. During the American Revolutionary War, many American merchants had borrowed money or purchased goods on credit from British merchants and suppliers. These debts accumulated during the war, but the United States was unable to repay them due to its financial difficulties.
Including this condition in the treaty was important as it aimed at resolving these outstanding debts and establishing a sound economic relationship between the newly formed United States and Britain. By agreeing to pay three million dollars to British merchants, the United States demonstrated its commitment to honoring its financial obligations and maintaining good relations with Britain. It also helped to restore confidence among British merchants, who had suffered significant losses during the war, and encouraged future trade and economic cooperation between the two nations.