n amendment to the Cuban constitution, that stated that the United States had the right to
intervene in Cuba at any time, a period which came to be termed the "Pseudo Republic" ensued.
Of course, Cuba has been left with little or no independence by the
Platt Amendment...The Cuban Government cannot enter into
certain treaties without our consent, nor secure loans above certain
limits, and it must maintain the sanitary conditions that have been
indicated. With the control that we have over Cuba, a control
which, without doubt, will soon turn her into our possession, soon
we will practically control the sugar market in the world. I believe
that it is a very desirable acquisition for the United States. The
island will gradually be "Americanized," and in the due course we
will have one of the most rich and desirable possessions existing in
The Great Depression however, had a immense impact on United States' holdings of the
Cuban sugar industry. In the summer and fall of 1920 when the price of sugar fell from
twenty-two cents a pound to three cents a pound, C
...