Cuban sugar economy

Cuban sugar economy

The Cuban sugar economy is the principal agricultural economy in Cuba. In two years after World War II, the price of sugar in Cuba went from 4 cents a pound to more than 20 cents a pound.[1] It soon experience a bust as the European economy reprospered after the war, and it's prices went below four cents, causing ruin to many sugar farmers.[2] It was subject of a reciprocal trade pact with the now former Soviet Union. In 1970 Fidel Castro's panic became the rush for an unattained 10 million ton harvest of sugar cane. Although it was a record, it was not sufficient in sustaining the Cuban economy at a moderate level, it would be years before the Cubans would cease to feel the sting..[3]

References

  1. ^ Martin, Cheryl; Mark Wasserman (2008). Latin America and its People. Peason Education. p. 372. ISBN 0205520537. 
  2. ^ Martin p. 372
  3. ^ Martin p. 429



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