Cuban Sugar Industry Boomed in the Summer of 1921

After world war won, when europe's beet sugar fields were in ruins, the demand for sugar was up. And cuba saw its prices go from five cents a pound to 22 and a half cents a pound. For a period this was known as the dance of the millions. But by the summer of 19 20, the sugar prices were shaking, and then they collapsed. As happens in a monocrop economy, cuba's wealth collapsed along with it.