Cuba Begins Expropriating Foreign Property
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Diplomacy, International Relations, Foreign Affairs, Economics
- Subcategories: Business
- Curriculum: American History 1951-present, Latin American History
- Geographical Location: Cuba, West Indies
- Date: 1959
Article abstract: Cuba’s expropriation of foreign investments generated diplomatic and legal furors and led to business demand for increased investment guarantees in developing nations.
Summary of Event
Cuba’s nationalization of foreign investments reflected a popular trend among developing countries in the 1960’s. Nationalization involved the expropriation, or takeover, of private foreign investments for the public good. It involved a search for a balance between the effects of developing nations to control the core sectors of their domestic...
[The entire page is 2192 words long]
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