The sugar industry's development, despite its rapid…
1840 CE to 1851 CE
Overproduction, fluctuations in price, competition from the British islands in the Caribbean, and the appearance of a dreaded competitor, beet sugar, in the second decade of the century depresses the sugar market and slows down Cuba's sugar boom.
These problems are further complicated by the British-imposed legal suppression of the slave trade in 1821.
This action deprives the island of a continuous source of labor.
Moreover, Cuba lacks an appropriate network of internal transportation that can facilitate movement of sugar to the mills and the ports of embarkation.