and ivory. By 1870 he reportedly had a fortune estimated at $200,000 .

Presidency (1870-71)

Roye was inaugurated as President of Liberia on January 3, 1870. In the decades after 1868, escalating economic difficulties weakened the state's dominance over the coastal indigenous tribal peoples. Conditions worsened, the cost of imports was far greater than the income generated by exports of its commodity crops of coffee, rice, palm oil, sugarcane, and timber. Liberia tried desperately to modernize its largely agricultural economy.

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