An economic countenance is a limitation upon international trade finance that one state imposes to another state for political ground. This type of countenance can include different type economic step and method. In the instance of Cuba the most affected sector by the US embargo ghis the population. There are different type of saction such as Tariffs ( A revenue enhancement imposed on imported merchandises efficaciously increasing the cost of acquisition for the client ) , Quotas ( A quantitive limitation placed on impory of a specific merchandise over specified peiod of clip ) , Non-Tariff Barriers ( A authorities policy, ordinance, m or process that impedes trade through means other than expressed duties ) , and eventually Ebargoes ( an functionary prohibition on export to import from peculiar state in order to sun I tand punih it authorities.
.According to some of my beginnings Cuba is located at the entryway of the Gulft of Mexico and its bounds are Est to Haiti, West to the Yucatan Peninsula, North of the Florida, and eventually South by Jamaica. In simples word we can sum up that Cuba is located between The United States ( Florida ) , Jamaica, the Dominican Republic and Mexico. Its capital is La Havana and is good know for production of Sugar and Snuff. C: UsersSamuel OPDesktopstock-footage-cuban-flag-waving-against-time-lapse-clouds-background.jpgC: UsersSamuel OPDesktopCubaUbicacion.jpg
III Cuban Revolution:
The Cuban Revolution was as effect of the agony of the Cuban population by the absolutism of the Fulgencio Batista and the Economy control of the United States during 1944-1959. ON December of 1956 Fidel Castro and a group of 82 adult male departed from Mexico to cuba with the intent of completing with the Bastita Regimen in Cuba. Unfortunately, the Mexican authorization inform to the Habana ( cuba capital ) about the going and four twenty-four hours after they get Fidel group arrive were atact by the Cuban ground forces where merely 16 out of the 82 adult male survived to the onslaught. The remainder of the survive hid in the sierra master mountains with the intent of set uping and run into more work forces. Among the 16 adult male were, Raul Castro ( Fidel Fidel Brother and today president of Cuban ) and the Famous Argentina icon Ernesto Che Guevara. C: UsersSamuel OPDesktopcastroassumingpower.jpeg
Two old ages subsequently, Fidel Castro was able to garner an ground forces of 10,000 work forces. In late 1958 Fidel Castro took the hard determination of inquiring for aid to the Soviet Union because of his troop were short of ammo. During the revolution the absolutism Fulgencio Batista with the intent of acquiring the United State aid call Castro Communist to convey the attending of the American citizen. As a effect of this declaration, the Central Intelligence Agency ( CIA ) send a little squad with the aim of measuring the Batista ‘s declaration. On December 31 of 1958 Fugencio Batista had to go forth the Havana and travel into expatriate.
The Agrarian Reform 1959-1961
The new authoritiess directed by Castro attempt to better the quality of life in Cuba increasing the per centum of salary and cut down the revenue enhancement for the full Cuban citizen. Harmonizing to the book “ Anatomy of a Faileed Embargo U.S Sanction against Cuba, During January 1959 and February 1961 Cuba underwent rapid economic transmutation from a capitalist market economic system to Socialist Economy ” . This book explains that the chief ground of the Cuba transmutation was the Agrarian Reform of May 1959. Among the most of import facet of this agricultural reform were: 1 ) “ indivual ownership of land was limited 995 estates, 2 ) all farm were nationalized ( were tranfered from the United State to Cuban public and private manus ) ,3 ) Foreign ownership of all land was prohibited, and 4 ) Compesation for expropriated retentions was offered in the signifier of redeemable 20 twelvemonth authorities bond ” . C: UsersSamuel OPDesktophf44.jpg
On the other manus, in November 1959 after the authorities of Cuba distribute and nationalized all American agricultural and excavation belongingss the Unite States political start to analyze natural of cut down the importing of Cuba sugar. Among the American refineries localed in Cuba at that clip were Standard Oil of New Jersey, Texaco Oil Company, Royal Dutch Shell. as effect of this reform United States took near the importing of suga from Cuba and production of oil to Cuba. As response of the American step Cuban authorities nationalized all American companies in the state.
American companies such as Compania cubana de eletricidad, Cuban Telephone Company, Texaco, Esso, Shell, The Chase Manhattan Bank, First National City Bank of New York, and United Fruit Company were nationalized as Cuban companies.
Soviet support and trade 1960-1962
Other chief ground Harmonizing to Donna Rich Kaplowitz for the us mesure once more cuba ware the trade between the authorities of Cuba and the Soviet Russia during after the revolution. In 1960 with the intent of back uping Cuba, Rusia purchase 425,000 dozenss of sugar. Furthermore, the Soviet extended 100 million in recognition for the purchase of oil and other equipment to cuba. On the other manus, in order to capitalise Cuba Unite States began to barricade loans autonomic nervous systems recognition from Europe.
Other of import ground for the trade stoppage once more Cuba was the installing of projectiles in Cuba. On April 1961 Fidel Castro officially proclaimed the socialist character of his authorities. At that minute fidel Castro asked for Russia aid with the aim of forestalling a invantion from the authorities of United States. the Rusia ‘s premier curate Nikita Khrushev assured great wealth, military advisors and arms including atomic ballistic missiles of medium-and intermediate-range. Thus began the building of inclines in Cuba to establish projectiles capable of making in proceedingss to the south eastern United States. The chief aim from the Soviet point of position was to alter the balance of atomic arms around the universe displaced hitherto unfavourable to the USSR.C: UsersSamuel OPDesktopCrisis de los Misiles.png
This serious state of affairs brings more dissension between Cuba and the United Stated. For couple hebdomads the relationship between Rusia and United States was really critical and were approximately to hold a war. John F. Kennedy consulted with his helpers several options to confront the facts such as military encirclement, an invasion, an airstrike, diplomatic negotiations etc. On October 22, Kennedy announced a naval encirclement to forestall the reaching of new atomic projectile to the islan and demanded the immediate backdown of atomic arms from Cuba.
IV U.S. Cuban Embargos: Cuban Regulation Asset Control
Since the terminal of the revolution Cuba has had to cover with many countenance and Embargos from the United States. Since 1959 the United States had been implementing policies aimed encirclement against Cuba to impact the critical points of defence and the Cuban economic system. Among the different Sanction such as the decrease of sugar quota, no provition of oil by American companies that control the electric sector Trade Embargo, Cuban Import Regulation, Travel Restriction, National Security Action Memorandum No. 220, Cuban Assets Control Regulation. Today for most Cuban citizen the U.S. trade stoppage is the war scheme of the United States in order to complete with Cuban and Fidel Castro.
Cuban Regulation Asset Control:
Harmonizing to the U.S. Deparment of Treasury This was created on July 8, 1963 by President John J. Kenndy as consecuense and response to the Cuban authorities action once more the United States under the Trading with the Enemy Act. This ordinance use for U.S citizen, organisation, companies and any subsidiare of the U.S. the misdemeanor of this ordinance can “ run up 10 old ages prision, $ 1,000,000 in corporate finance and $ 250,000 in invididual mulct ” .this ordinance set up that any person in order to dell with or travel with Cuba would necessitate a particular licent by the U.S. authorities. Among the diferent of import facet for this ordinance are:
Cuba Travel Licesing Program
Cuba Business Transaction
Cuba Travel Licensing Program
This was created in 1963 by President Kennedy under the Enemy Act. This set up that merely Official Government Traveler, Journalist, individual who are sing close household in ciscurtance of human-centered demand, Athelectic and some specific type of full professional are permitted to go to Cuba. In 1977 President Carter delete all the restriction or restrintion to go to Cuba. In 1982 President Reagan put travel limitation to recude Cuba income from travellers. An eventually among the most of import facet of this ordinance in 1994 President Clinton expand the travel limitation.
Exporting to Cuba
Harmonizing to the U.S. Depament of exchequer “ Except for publications, other informational stuffs ( such as Cadmiums and plants of art ) , certain donated nutrient, and certain goods licensed for export or re-export by the U.S. Department of Commerce ( such as medical specialty and medical supplies, nutrient, and agricultural trade goods ) , no merchandises, engineering, or services may be exported from the United States to Cuba, either straight or through 3rd states, such as Canada or Mexico ”