“The Cuban sugar economy is the principal agricultural economy in Cuba. Historically, the Cuban economy relied heavily on sugar exports, but sugar production has declined since the breakup of the Soviet Union in 1991. ... The boom collapsed shortly thereafter, however, and the banks took over the defaulting Cuban sugar producers. ... Cuban sugar producers were able to protect the national production after the Revolution, but Cuba did not reenter the US market or grow its annual production level past five million tons. ... After the Cuban Revolution of 1959, Fidel Castro's government sought to end the mono-production of sugar and shift the Cuban economy towards self-reliance through industrialization and economic diversification. ...”
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