Sugarcane, which has been grown by the…
1540 CE to 1683 CE
As early as 1523, the crown had instructed the Contracting House (Casa de Contratacion) to lend money to settlers in Cuba to help finance the construction of a sugar mill.
Other similar loans have been made in latter years, but it is not until the eighteenth century and particularly the nineteenth century that sugar will assume any importance.
Lacking large amounts of capital, an adequate labor supply, and official encouragement, the sugar industry remains overshadowed in importance by the more lucrative and important business connected with the cattle industry and its derivative products.