The United States and the Economic Development of Puerto Rico

Harvey S. Perloff

The Journal of Economic History, 1952, vol. 12, issue 1, 45-59

Abstract: Puerto Rico became an insular possession of the United States following the Spanish-American War in 1898. Shortly thereafter the island was brought within the monetary and tariff structures of the United States, and mainland capital began to flow into the island, especially in the form of investments in the sugar industry. These factors were mainly responsible for shaping the Puerto Rican economy and for tying it closely to the economy of the United States.

Date: 1952
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