Effects of the 1884 Beet Sugar Crisis on British Guiana and Barbados
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October 2, 2016
No of pages / words:
23 / 6227
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What is remarkable is that this crisis-ridden industry survived all these shocks.
In 1884, however, the British West Indian economy entered another period of depression and instability. The primary reason for this was the sharp decline in the sugar industry and this decline was due to the increased competition from sugar beet which was manufactured by France, Germany, Austria, Holland, Belgium and Russia...
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The primary reason for this was the sharp decline in the sugar industry and this decline was due to the increased competition from sugar beet which was manufactured by France, Germany, Austria, Holland, Belgium and Russia. According to the report submitted by the 1897 West Indian Royal Commission, which was sent out to "inquire into the depressed conditions of the industry", the depression, "of the industry is due to the competition of other sugar producing countries and in special degree to the competition of beet sugar produced under a system of bounties...
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