Plantation Economy Essay Example | Topics and Well Written Essays - 2000 words

Plantation Economy - Essay Example(West and Augelli, 1999)The history of Central America is linked with the growth and development of the plantation prudence. When the colonialists reached the land, they found enabling climate and they set of establishing plantations to create what came to be cognise as the sugar kingdom in the history of America.The parsimony of the region is outsized reliant on Agriculture. There is exertion of cash crop like coffee, banana trees, sugarcane and cotton which is produced through large prop and most of the products is exported to the Northern American and to Europe. However there is also the growth of subsistence crops like corns, beans, bananas, mains, rice and pulley. In the drier regions there is the production of beef cattle. The large holdings most employee modern land while the subsistence farmers button up use the simple farming techniques that have been in use for along time now. (Wrigley, 1999)Plantation farming has been practiced in the region since the settlement of colonialists in the region. However the region still lags behind in economic development despite producing agricultural products to the world. Has the plantation economy helped the region develop economically or has it helped the investors in the large holdingsThis paper represents a well arranged and researched inquisitive essay on the push of large holding farming in the region. The first part go forth regard at the diachronic development of the large scale farming over the time and how it has developed in the region. Then it entrust look at the impact this has been making on the economy of the region and at the end it will look at the present economic situation of these countries so as to make a finishing of there the plantation economy has been of use to the region of if it has not helped the region. In the conclusion it will look the problem that the region has been facing and what can be done on the situation.Development of plantation e conomy in the region The historical development of plantation economy in the region dates back when the Spanish colonization was started. With the arrival of Spanish and other colonialist in the region, there was increased development of agrarian economy which was favored by the Amazon climate that extends to the region. When the Spanish came, they immediately stated planting bananas in large plantation around 1860s and by 1870 there was increased growth of banana in the region. Most of the plantations in the region were started along the railway lines which were by then expanding northward to America. When an American entrepreneur was commissioned by the Costa Rica government to build a transition rail pathway, he started growing bananas along the railway road and immediately began exporting them to United States. Keith was highly successful in the venture and he embarked on the same(p) plantation economic along all other major railway roads that he built. He was able to acquire la rge tracks of undeveloped land and in the process expanded the development of banana plantation to Guatemala and Hondura. In 1869 he merged with Boston harvest Company and formed the United Fruit Company which rapidly expanded to Central America and by 1955 the company had over 400,000 hectares under production of bananas. (Ferguson, 1998 Mahar and Schneider, 1994)As the colonialists settled there was