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PAPER - Hannah Fisher Reed Wood Poli 150 841 25 April 2007...

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Hannah Fisher Reed Wood Poli 150 841 25 April 2007 Investments in a Post-Cold War Cuba In September of 1960, the United States began a series of embargos ordering US companies in industries such as nickel mining and automobile manufacturing to exit Cuba. These first steps of economic isolation taken by the United States towards Cuba were only small punishments compared to what was to come. On July 21, 1966 the United States finally ordered that all US commercial contractors prohibit the use of any ship that had gone into a Cuban port after January 1, 1963 (Green 20-21). This embargo was intended to force Fidel Castro’s communist government out of power; however, the attempt failed and Cuba looked to the Soviet Union to fill the economic void left by the United States (Stoke par. 7-8). In 1991 the Soviet Union crumbled, leaving Cuba without the economic subsidies it had grown accustomed to (Franco 213). This caused the country to fall into an enormous economic crisis characterized by food and fuel shortages (Stoke par. 10). With the US embargo still in place and the lack of aid from the former Soviet Union, Cuba is being forced to rely heavily on Canada and Europe to assist them in rebuilding their national economy.
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