Drilling In Cuba

One of the United States most important foreign trading partners was Cuba. The Cuban and the US economy had been intertwined for nearly a decade before the turn of the 20th century with American invests of $50 million in the Cuban economy. Americans owned the most valuable land in Cuba, which were the sugar plantations. More than 90% of Cuba’s sugar was exported to the United States7. Most of the imports to Cuba and the surrounding islands came from the US. If the Cuban market closed the US would lose not only its $50 million in investments, but also millions in lost revenue from not being able to trade with Cuba.

Instead of hunter-gatherers who weren’t very productive, people became farmers (García, The Colonial Era). The development of agriculture was very important to the development of Cubans because before the Cubans did not have enough food to support people working in other professions like metalworkers (García, The Colonial Era). Not being able to have many other professions in a tribe was the reason why many of the tribes did not have complex cities or towns. The conquistadors discovered tobacco, a cash crop, which started a new trend in Europe and created a high demand for Cuban tobacco, which helped the Cuban and Spanish economy (García, The Colonial Era). Another cash crop that was harvested in Cuba because of the Spanish was sugar. As soon as sugar arrived in Europe, it was in high demand for Cuban farmers (García, The Colonial Era). Cuba was also used as a rest stop to house passengers and crews of ships while their ships would be repaired by the townspeople (García, The Colonial Era). It was very helpful for Spain as it allowed them to get to Mexico safer and easier (García, The Colonial Era). It also created jobs for Cubans (García, The Colonial Era). Slavery was also introduced to Cuba (García, The Colonial Era). It added all of the economic activities and created a more prosperous economy (García, The Colonial

Some countries use it more than others or produce it another way. Cuba and the United States have many similarities on how they use oil and where they get it from. Cuba’s and the US primary oil importer is Venezuela. Cuba, as I mentioned before, is not as wealthy as the United States, therefore, they in desperate need of this resource. In the United States, their energy situation is terrible, but the government has some ideas to resolve this conflict.

In 2016 Cuba’s economy was a bit indecisive, the first half of 2016 Cuba’s economy collapsed 0.9% while during the last half of 2016 Cuba’s economy ascended 1% (Chase, 2017). Not only does Cuba have a bit of an indecisive economy their economy also seeks reliability from other countries such as the Soviet Union along with Venezuela. For three decades Cuba stayed dependent on the annual subsidies delivered by the Soviet Union. When all subsidies ceased from the Soviet Union in 1991 Cuba’s economy plummeted. Then history later repeated itself with Venezuela as their economy fell and left Cuba’s economy once again in laboriously hard times (Chase, 2017). But everything soon changed for Cuba’s economy once President Barack Obama opened the doors between the United States and Cuba. As of 2017 Cuba’s economy flipped around with the notable increase of U.S. tourist just from 2016. Cuba’s economy has come an astronomical way in twenty-six years, they found their way making it up to the second most popular place to visit throughout the Caribbean’s (Chase, 2017). With the amount of tourist that come to Cuba provides support and cushion on a good feeling of conducting business in Cuba.

To begin, it is important to know about the history of Cuba to fully comprehend how things came to be as they are today. Since the Conquest and Colonization Era (1492-1898), many of the prominent European countries and the powerful neighbor to the north of Cuba, the United States of America, have attempted to take control of the land. It first began with the Spanish conquistadors, specifically Diego Velázquez, who was the first to explore and settle the land. Up until the end of the 19th century, the Spanish monarch was the authoritative figure overseeing the land and

It also says that shops will have a large range of products, however there are still large shortages of food. Rations are sometimes not even guaranteed to be delivered and if they are they will be very late. In 1991 the grain supply to Cuba from the Soviet Union since it collapsed which also caused the cattle to not be able to be fed. Since they could not feed the cattle all of the products and bi-products were very rare like the milk, beef, and eggs and chicken. Since a lot of the fuel was in a shortage the crops had to be harvested by people which made the production of food slow to crawl. They have improved the production but the shortage is still very common and no they are starting to resort to non-rationed stores and even the black market. The actual food/cuisines of Cuba come from many cultures like the Spanish, Africans and Caribbean, One very small part but slight influence is from the Chinese also. Some of the most popular foods include varieties of meat and rice with black beans. The traditional type of Cuban food can also be called criollo. Some of the most common spices and seasonings used are things like garlic and onion and common ingredients are things like lettuce, pork, eggs and tomatoes and more. One product of Cuba is also Coffee which is normally sold to other places and the coffee that Cubans normally drink are from places like

Cuba and the United States of America have completely opposite economies. Cuba’s economy is based on the few natural resources that the country owns while the economic system in The United States is capitalist and can be recognized for its noticeable development in agriculture, energy, and other resources that keep the country expanding and provides jobs as well as a good quality of life for its residents. On the other hand, Cuba’s economy, is predominantly poor, to the point where a very huge percent of its population suffers from

Cash is not abundant in Cuba, especially for the poor to middle class families. An example of this would help move “product” from point a to b and in return, the employers can provide your family with food for a month.Government officials will often times take kickbacks for awarding large contracts to foreign companies . In return get money back from the investment in the company.

The land is becoming more and more worthless and is falling apart. Its value in producing things like sugar is increasingly decreasing. Estimates show that between $30 to $50 million dollars of American money is invested in railroads, plantations, and other business enterprises on the islands. The situation in Cuba has impacted the economy of the U.S. to the extent that some have considered a positive intervention rather than a negative

The island of Cuba has an abundant history in politics, religion and Politeness. Cuba is the largest island of the West Indies group is the same size of Pennsylvania, Cuba is west of Haiti and the Dominican Republic, and 90 miles south of Key West, Fla., Cuba’s island is at the entrance to the Gulf of Mexico. Arawak or Taino Indians were the indigenous land owner of Cuba before Columbus landed on the island 1492. Arawak or Taino Indians died from diseases brought by Columbus Sailors and settlers. By 1511, Spaniards under Diego Velásquez had established settlements.

As Pérez-Stable says, "safeguarding the Cuban quota in the U.S. market was their priority" (16-17). Conflicts arose between industrialists who wished to diversify Cuba’s economy by encouraging growth of other industries, and sugar producers who desired to maintain sugar’s economic dominance. According to Pérez-Stable, industrialists argued that a diversity of products would improve the Cuban economy and "change only the composition of Cuba-U.S. trade, not its overall amount" (23). For its part, the sugar industry continued to insist that its interests were best for the nation (Pérez-Stable 23). Despite some attempts at sugar reform, the Cuban government, which was reluctant to weaken its economic ties with the United States for fear of losing its support, refrained from taking any serious steps. The discontent produced by the lack of economic diversification added fuel to the fire of the revolutionary cause.

Cuba is population is 11,075,244 and still growing . The whole area of Cuba is 42,803 square mile. The capital is Havana it is the largest city in Cuba. The currency for Cuba is the Cuban peso. Cuba is located 50 mi west from Haiti across the Windward Passage, 87 mi south of the Bahamas, 90 mi south of Florida, 130 mi east of Mexico and 91 mi north of Jamaica. Cuba is the largest in the Caribbean. the land is mostly flat but has rolling plains, high hills and mountains in the southeast region.

The Cuban coffee, tobacco, and sugar productions transformed in the 19th century due to the hurricanes of 1842, 1844, and 1846. The productions of coffee, tobacco, and sugar prior to the 1840’s hurricanes were profitable businesses. Many Cuban farmers saw the productions as a great way to grow and to invest in the future. But once the 1844 hurricane hit Cuba, many farmers were left completely devastated as the

economic growth comes from agriculture and exports to and from Europe. Since America has had an embargo on Cuba since 1962 neither countries trade with each other because of many disagreements about governing techniques and Fidel's unwillingness to comply with U.S. instructions. Cuba’s long history and culture has contributed to many economic and social growth through out the world, but Cuba is still struggling to try to stable their economy.

Secondly, Cubaneeds to repair its corrupt, failing state-run economy. The reality of thisstruggling economy is that Cuba’s resources are plenty, and its