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Cuba


Machado was elected in the following years and he was for national sovereignty and economic diversification. He questioned the Platt Amendment, and formed a new law that would favor Cuba in it bias. The Customs-Tariff Law protected the Cuban economy by an intricate scheme of tariff reductions on capital goods. This reformist movement is a considerable change in the ideological framework of the Cuban economy; it changed the mode of the economy by embracing self-sustainability and sovereignty instead of favoring foreign interests. .
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             Following the diversification of the economy, came adverse economic conditions that were the underpinnings of the Great Depression. The reformist notion of diversification was unable to sustain through these adverse times hence a revitalization of the pro-sugar ideology. Culminating in the US Sugar Act of 1934 (pg.19), which was more favorable toward Cuba than previous agreements but nonetheless still short sighted and inadequate. The subsequent amendment of the 1934 act would again focus primarily on sugar and not successfully establishing a domestic economy. In the following years business enterprises of Cuban convened to solve the sugar paradox. In these meetings Cuban business tried to find ways around through and beneath "big sugar- and tried to modernize and augment it so that it wasn't an all consuming entity. The overwhelming problem was the reluctance of the industrialists to give up their stakes in the sector and the fear that without the commitment to sugar from the government the US would change its foreign trade structure. Things continued to follow this path until the Batista regime enacted a more strict policy that protected the emergence of domestic markets, and included a more active state initiative. All of this seemed to have primed the Cuban society for a social and economic changing of the guard, the middle class was capable of absorbing this change thus they wanted the change and the big sugar bureaucracy was in the way.


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