HISTORY 121 Lecture 5: 9-28 The Arrival of Foreign Capital in Cuba and the Andes
Document Summary
The arrival of foreign capital in cuba and the andes. 19th century: a new era of foreign investment. Silver to tin, copper, rubber, oil, etc. All bananas and sugar are genetically identical. An extreme example of a dependent economy. By 1880s, most of beets producing more than half the world"s. 1865: ~ million usd invested in cuba, in sugar. Broad-based movement led by antonio maceo and jose marti grew in strength. Us liberated cuba from spain (spanish-american war, 1898) Leonard wood ran the country for 4 years. Spent 17785 to improve ports, built railroads, improve sanitation, etc. Platt amendment: us has legal obligation /legal right to intervene if cuban political climate gets unstable (as the. 1903: reciprocal trade agreement: us has special access to cuban goods, cuba has to buy goods like radios, etc from us. Occupied cuba when platt amendment and rta failed. By 1913, 20% of all us investments in la were in cuba.
