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American investment in Cuba during this time was particularly notable, driven by factors such as geographical proximity, economic interests, and political relations. The United States emerged as a key investor in Cuba, with investments flowing into industries such as sugar, mining, tourism, and transportation.
For these reasons, Cuba has frequently focused on agricultural exports to promote foreign trade. [7] Cuba's independence from Spain after the Spanish–American War in 1898 and its formation of a republic in 1902 led to investments in the Cuban economy from the United States. The doubling of sugar consumption in the United States between 1903 ...
The Cuban War of Independence (Spanish: Guerra de Independencia cubana), also known in Cuba as the Necessary War (Spanish: Guerra Necesaria), [5] fought from 1895 to 1898, was the last of three liberation wars that Cuba fought against Spain, the other two being the Ten Years' War (1868–1878) [6] and the Little War (1879–1880).
The Spanish–American War [b] (April 21 – December 10, 1898) was fought between Spain and the United States in 1898. It began with the sinking of the USS Maine in Havana Harbor in Cuba , and resulted in the U.S. acquiring sovereignty over Puerto Rico , Guam , and the Philippines , and establishing a protectorate over Cuba.
The U.S. set Cuba free and granted independence to the Philippines in 1946. Puerto Rico remains in an ambiguous status. Hawaii is a state; Guam remains a territory. The territorial expansion of 1898 was the high water mark of American imperialism. [214]
In 1898, the United States leveraged its status as an emerging naval power to support Cuba’s war for independence against Spain, decisively beating the Spanish Armada in both the Atlantic and ...
By 1902, American companies controlled 80% of Cuba's ore exports and owned most of the sugar and cigarette factories. [89] Immediately after the war, there were several serious barriers for foreign businesses attempting to operate in Cuba. The Joint Resolution of 1898, the Teller Amendment, and the Foraker Amendment threatened foreign investment.
Affected people had eight days to relocate, and all who failed to obey were to be shot. Housing in camps was often decaying, food was scarce, and disease quickly spread through the camps. By 1898, a third of Cuba's population had been moved into camps and over 400,000 Cubans died due to their subjected conditions.