Firstly, I would like to thank the Almighty Father for giving me the health, strength and knowledge to complete this School Based Assessment (SBA).
Secondly, I would like to thank my parents for their financial support throughout this SBA and my teachers for their guidance in making it a success.
It is a well-known fact that for centuries, sugar cane has been one of the Caribbean’s premiere economic crops but it should also be noted that for some time the industry was very difficult to operate in because of immense cost of production stemming from lack of technological advancements and a never ending plea for more labour. However, British West Indian sugar was still profitable because of preferential treatment on European markets. When the sugar duties act of 1846 came into being and prompted free and equal trade it had profound impacts on the British West Indian sugar and almost crippled the entire industry. While some counties have moved away from sugar cane as their main export, other countries such as Belize and Guyana and still very dependent on the dying sugar industry to provide major economic support.
With that being said, the purpose of this school based assessment is to expound upon the various factors that contributed to the failure of the sugar industry in British West Indies and to clarify any other ambiguities concerning the British West Indian sugar industry. Some factors that will be looked at are labour problems, beet sugar competition, mercantilism vs. laissez faire and falling sugar industry.
What are some other factors apart from the 1846 Sugar Duty Act that signal the collapse of the British West Indies sugar industry?
Sugar had been the most profitable export from the colonised Caribbean for several centuries. After Emancipation in1838 the decline of the British West Indies Sugar industry, was at hand. Some of the major factors...