What were the American Investments in Cuba?

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thetall | (Level 1) Senior Educator

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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.