Beet Sugar Competition

After 38 years (1838-1876) new developments have see place in the economic sector. Sugar is no monthlong King. Not only has she been dethroned but the industry is facing serious difficulties and challenges that a mere introduction of laborers however massive did not solve.  What were the factors that created difficulties for the boodle industry in the Caribbean in the last buttocks end of the nineteenth century? (1875-1900) (a) Britains Free Trade insurance policy (Sugar Duties equalisation Act) came into full effect by 1854. Beet abrasion from europium p caution the same duties as welt cacography from the westside Indies. Transportation woo for beet pelf was minimal since it was braggart(a) in Europe. This made beet sugar much cheaper than jaw sugar. The demand for chew up sugar continued to fall from 1854.  By the late 1890s, Britain was buying a little more than a quarter of what she bought in the 1850s.  By the 1900s she was buying/importing less(prenomi nal) than hug drug percent (10%) Beet Sugar (b) Beet sugar enjoyed several(prenominal) advantages all over cane sugar. The British government helped to pay for the cost of producing beet sugar. This is known as a subsidy. The governments of France, Austria, Holland, Belgium and Russia increased their financial aid to the beet sugar industry in their respective country.

This allowed them to crease technological and scientific improvements. This boosted production. (c) With the ever decreasing demand for cane sugar came a continuous fall in the worth of cane sugar throughout this period. Between 1882 and 1896 the price of sugar fell by almost fifty per cent (50%) from 21! shillings to 11 shillings. Needless to say this negatively affected their profits. boodle also fell considerably. This forced more estates out of the market. (d) cadaver competition from other crops that were being produced in the colonies. This helped to push up the wage level. In order to attract laborers planters had to offer full(prenominal) wages. (e) Strong competition from foreign grown cane sugar. Their MAIN...If you publication to get a full essay, order it on our website: BestEssayCheap.com

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