Asked by Bailee Tobin on May 29, 2024
Verified
What had plunged Cuba into an economic crisis in 1894?
A) US tariff agreements granted Hawaiian sugar favored status.
B) Spanish bureaucrats imposed excessively high tariffs on Cuban sugar.
C) Congress had enacted the reciprocal tariff agreement the previous year.
D) The underground activities of Cuban revolutionaries were harming Cuban businesses.
Cuban Economic Crisis
A period of severe economic downturn in Cuba, often referring to the hardships faced in the 1990s after the dissolution of the Soviet Union, its main supporter.
US Tariff Agreements
Policies or negotiated deals that the United States enters into with other countries to set customs duties or taxes on imported and exported goods.
- Examine the contribution of American enterprises and the impact of their economic strategies on overseas regions.
Verified Answer
MS
Mohammad SamhanJun 05, 2024
Final Answer :
A
Explanation :
The economic crisis in Cuba in 1894 was significantly influenced by US tariff agreements that granted Hawaiian sugar favored status. This made Cuban sugar less competitive in the US market, leading to economic difficulties on the island.
Learning Objectives
- Examine the contribution of American enterprises and the impact of their economic strategies on overseas regions.