An article about Grant’s Chief Justice nomination made an offhand mention of the reparations Britain paid after the Civil War. I haven’t done enough reading about the post-bellum period, and the Alabama Claims were news to me. It’s a pretty fascinating little footnote in history, not least because it involves a fast-tracking of British Columbia’s entry into Confederation.
After international arbitration endorsed the American position in 1872, Britain settled the matter by paying the United States $15.5 million, ending the dispute and leading to a treaty that restored friendly relations between Britain and the United States. That international arbitration established a precedent, and the case aroused interest in codifying public international law.
Source: Alabama Claims – Wikipedia