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How Did The Sugar Industry Affect The Economy

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The Sugar Industry has been around since the 1500s when the Spanish and Portuguese were colonizing Latin America to be one of the most powerful and prosperous countries in the world. The new world saw a lot of opportunity for the Spaniards with the introduction of the Transatlantic Slave Trade, that brought millions of African slaves to Europe and Latin America, which helped the formation of some of the largest empires in the world’s history. Sugar became such a dependent factor in Latin American economies that colonies became so reliant on sugar production as their only good to fuel their local economy. But, the sugar industry opened up massive new forms of trade to linked to the new world regions. The sugar industry left it impacts on the

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