The Cuban sugar economy is the principal agricultural economy in Cuba. In two years after World War II, the price of sugar in Cuba went from 4 cents a pound to more than 20 cents a pound. It soon experience a bust as the European economy reprospered after the war, and it's prices went below four cents, causing ruin to many sugar farmers. It was subject of a reciprocal
trade pact with the now former Soviet Union

Soviet Union

The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....

. In 1970 Fidel Castro

Fidel Castro

Fidel Alejandro Castro Ruz is a Cuban revolutionary and politician, having held the position of Prime Minister of Cuba from 1959 to 1976, and then President from 1976 to 2008. He also served as the First Secretary of the Communist Party of Cuba from the party's foundation in 1961 until 2011...

's panic
became the rush for an unattained 10 million ton harvest of sugar cane. Although
it was a record, it was not sufficient in sustaining the Cuba

Cuba

The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...

n economy

Economy

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...

at a moderate
level, it would be years before the Cubans would cease to feel the sting..