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When the Spanish settled in Cuba they saw the possibility of profit on a fertile island Crops of tobacco sugarcane and coffee were some of the natural resources that offered a flourishing economy Sugarcane quickly became Cubas primary product and an important world producer wwwnationmastercomencyclopediaHistory-of-Cuba Sugar also became a product of economic disaster that would lead to the collapse of an abundant countrys economy The United States involvement in sugar production may have been the cause Did the United States help or destroy the Cuban economy with their investment in the sugar business Was there any benefit whatsoever for the Cubans or just the Americans Did the United States involvement push Cuba into the hands of Communism Did Fidel Castro take a wrong turn for Cubas economy when he looked to the Soviet Union To possibly find some kind of answer to these questions it is important to look back a little to see how sugar lead Cuba to become financially dependant on other countries because of their cash crop During the period of the Napoleonic Wars 1792-1815 sugarcane crops grew strong as demand for the product increased resulting in Cubas prosperity This demand led to introducing more capital into the crops production This capital was based on foreign investment and trade resulting in investments from the United States Trade between Cuba and other countries especially the United States increased Eventually trade began Cubas dependence on other countries to survive Even though Cuba had strong products for export they leaned on other countries imports for their own consumer goods After 1878 Cubas sugar industry had strong competition from European beet-sugar producers leading them to strongly rely on the US market This US market was a monopoly controlled by the American Sugar Refining Company This company controlled 19 sugar refineries in Cuba and supplied the US with 70 to 90 of its sugar This basically allowed the company to set whatever prices they wanted It also
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