The History of Cuba, vol. 4Johnson, Willis Fletcher
History
The History of Cuba, vol. 4
Johnson, Willis Fletcher
Cuba -- Economic conditions; Cuba -- History
The matter of reciprocity between the United States and Cuba was taken
up, but it was long before anything was effected. General Wood had urged
that a reduction of at least 33-1/3 per cent. should be made in the
sugar duty in favor of Cuba, as absolutely essential to the prosperity
of the island, and President Roosevelt urged upon Congress in the
strongest possible manner the desirability of some such action, partly
for the sake of Cuban prosperity, and partly for the fulfilment of
America's moral duty toward that island. Indeed, such commercial
relations had been promised to Cuba, and it was bad faith to withhold
them. Of course the commercial interests of Europe, both in sugar and
all other wares, were earnestly opposed to any such arrangement, and
they had their governments exert all possible influence to prevent its
being made. There were also large beet sugar interests in the United
States which strenuously opposed any reduction of the tariff on Cuban
sugar. President Roosevelt had a long and desperate battle with
Congress over the matter, before he finally prevailed upon it grudgingly
and imperfectly to make a reciprocity agreement, from which the United
States would profit much more than Cuba. This was on March 29, 1903.
Meantime, because of the American refusal to grant reciprocity, Cuba
suffered acute economic depression approximating disaster. The insular
treasury had scarcely enough money with which to pay current expenses,
and the government was driven to the imposition of burden-some taxes
upon many articles to save itself from bankruptcy.
Public-domain text, read in full here on John Shaqi.
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