What were the American Investments in Cuba?
America had invested heavily in the Cuban sugar production industry by the late 1800s. The investments were not only restricted to sugar but also spanned across a range of products including nickel and tobacco.
The United States invested in real estate and by 1950 American investments had amounted to $265 million. The investors also targeted retail stores in the country and succeeded in establishing a number of supermarket chains especially in the capital, Havana.
America also invested in the tourism sector and built hotels in the city and along the country’s coast, which was also a prime tourist destination area. The United States made considerable investments in transport and owned 50% of the public railway system.
Investments were also made in communication and related infrastructure including power generation to serve these investments adequately.