U.S. economic embargo against cuba

p Economic sanctions against Cuba

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29th Jan , 2009

The US economic embargo against Cuba dates back to1962 during a revolution than led to Fidel Castro occupying the top seat as the President of Cuba . The embargos comprised both economic and commercial sanctions as well as financial support . These embargos were put in place when Fidel Castro nationalized all the enterprises that were owned by Americans in Cuba (Jones , 2008 . Due to this , the Foreign Assistance Act was passed in the US congress , which prohibited any

aid to be extended to Cuba , and therefore a relations between the US and Cuba (Sierra , 1962 ) This economic embargo was to undermine Cuban president , Fidel Castro and the socialist government he had established . Imports of all goods from Cuba were banned . In 1963 , President Kennedy proposed that it was illegal for any US citizen to travel to Cuba either for personal reasons or for commercial purposes . In this connection , the US department of commerce made it a requirement that all exports of food stuffs and medicine be approved before being taken out of the country (Sierra , 1962 . The US economic embargo against Cuba led to great economic and social effects which are still felt today . The ban on trade relations with the US led to increased cost of imports and lower levels of production . The cost of food increased , which led to adverse shortage of food in Cuba and an increasing dependency on...