The Cuban Sugar High, How It Raked In Millions During WWI

[El Presidente]

Good read 

 

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World War I, “The war to end all wars” brought many nations to the brink of bankruptcy. As Winton wrote, “Stock markets across the world were shuttered when war broke out. When trading resumed on the New York Stock Exchange in January 1915, the Dow Jones Industrial Average was trading at 60% of its January 1913 level… Between 1913 and 1920, the UK government debt grew 10 times, and US government debt by 8 times.” The supply of basic commodities was also disrupted, especially in those areas that suffered the wreck of the battlefields, apart from workers who left and joined the war. The commodity prices soared to the sky and beyond. While other countries suffered, this offered an island nation in the Caribbean an opportunity to be a major player in the commodities market, they had something sweet the world wanted desperately after WWI, Cuba had Sugar, lots of it.

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[Fuzz]