Asked by sb
What was one major impact of the Cuban Revolution on Cuba's economy?
It increased tourism significantly.
It had no impact on the economy.
It improved foreign investments.
It led to the nationalization of industries.
All Answers 1
Answered by
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It led to the nationalization of industries.
After the 1959 revolution the Cuban government seized and nationalized large estates, US-owned properties, banks and many private businesses, creating a centrally planned, state-owned economy and triggering U.S. economic sanctions and a shift toward dependence on the Soviet bloc.
After the 1959 revolution the Cuban government seized and nationalized large estates, US-owned properties, banks and many private businesses, creating a centrally planned, state-owned economy and triggering U.S. economic sanctions and a shift toward dependence on the Soviet bloc.
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