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Through the development of real estate infrastructures and the growth of Cuba's tourism industry, Machado's administration was able to use insider information to profit from private sector business deals. [13] Argote-Freyre points out that Cuba's population under the Republic had a high tolerance for corruption. [14]
A court document at the time shows that a year later, in 1920, members of the San Carlos board put some of the institute’s real estate in a trust and “conveyed” the properties “unto the ...
The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
Through the development of real estate infrastructures and the growth of Cuba's tourism industry, Machado's administration was able to use insider information to profit from private sector business deals. [50] Argote-Freyre points out that Cuba's population under the Republic had a high tolerance for corruption. [22]
Alfonso Fanjul Sr. married the daughter of Spaniard Andres Gomez-Mena who immigrated to Cuba in the 19th century and built up an empire of sugar mills and property by the time he died in 1910. The couple's holdings were then combined to create a large business of cane sugar mills, refineries, distilleries, and significant amounts of real estate.
Cuba is located east of the Yucatán Peninsula (Mexico), south of both Florida and the Bahamas, west of Hispaniola (Haiti/Dominican Republic), and north of Jamaica and the Cayman Islands. Havana is the largest city and capital. Cuba is the third-most populous country in the Caribbean after Haiti and the Dominican Republic, with about 10 million ...
The Republic of Cuba, covering the historical period in Cuban history between 1902 and 1959, was an island country comprised the island of Cuba, as well as Isla de la Juventud (since 1925) and several minor archipelagos. It was located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet
Law 59 or the Cuban civil code is the legal body that regulates the main norms in legal matters such as Real Rights, Law of obligations, Contract law and inheritance law, in addition to the legal capacity of persons, natural and law, and some rules of Private International Law in the Republic of Cuba. [1]