Sugar, North Amencan Business, and Other Bittersweets

Thomas G. Paterson

in Contesting Castro

Published in print December 1995 | ISBN: 9780195101201
Published online October 2011 | e-ISBN: 9780199854189 | DOI:
Sugar, North Amencan Business, and Other Bittersweets

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Castro and his movement hoped that they could incite a rebellion against the Batista government. They have calculated that Cubans appeared to be sick and tired of violence and corruption. However, Batista and U.S. investors thought that the strengths of the Cuban economy predisposed people to supporting the administration. The Cuban economy was in fact doing well especially when sugar prices rose in 1957. The predominant features of the Cuban economy were its reliance on U.S. trade and investment and dependency on sugar, as it was ranked as the world's largest producer of sugar. The U.S. took half of the sugar exports of Cuba. There was indeed an interlocking of the Cuban and U.S. economies. There was also during this time a growth of U.S. direct investments under the Batista regime. The Cubans, on the other hand, grumbled about the North American element felt in their economy.

Keywords: Castro; Batista; sugar; Cuban economy

Chapter.  4916 words.  Illustrated.

Subjects: History of the Americas

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